Europe/CESEE: Heavy Trade in Distressed Assets

Business › n.a. ♦ Published: January 11, 2014; 18:21 ♦ (Vindobona)

Until 2018, European lenders will offload about 300bn of bad debts, according to PwC. Above all, U.S. private equity firms are taking the opportunity.

Europe/CESEE: Heavy Trade in Distressed Assets / Picture: © Vindobona.org

In the years between 2010 and 2013, European banks have sold a total of € 128bn in risky assets, pwc reported. As a result, the large part of the bad debts are not settled yet.

The main driver behind the trade in distressed assets is the Basel III framework. Due to the capital requirements, the sale of risky assets accelerates. According to pwc, discounts reach up to 95%. On…

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