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Nov 23, 2017 10:50 EEST
November 22 (SeeNews) - Croatia remains a hot market in terms of non-performing loan (NPL) transactions with two deals totalling 1 billion euro ($1.17 billion) expected to be completed in 2018, EOS group managing director told SeeNews.
"The banks already indicated they are willing to sell, so the process is already ongoing but given the complexity of the deals they will not be closed before mid-2018," Marwin Ramcke, managing director of EOS Group, told SeeNews on the sidelines of the Banks and Business conference organised by Capital weekly.
Both deals concern secured NPL portfolios, Ramcke noted.
In his view, Croatia will remain an interesting market in the next year, while the Romanian market will calm down a little bit considering the number of big transactions concluded in the past.
"This year a transaction [with a loan portfolio] with a nominal value of more than 200 million euro is going to take place in Slovenia, which is huge for a small country like Slovenia with a population of just 2 million," the official said.
Commenting on Bulgarian market during the conference, Ramcke said that despite the fact that the expectations of 1 billion levs (602.2 million/510.9 million euro) of NPLs sold in 2017 has not been met so far, he believes this benchmark will be achieved by the end of the year.
(1 euro = 1.95583 levs)
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