German Financial Institutions manage non-performing loans more and more by sales – bank secrecy and data protection are no barrier with regard to the sale

Although many legal aspects have to be observed within the course of the sale of distressed loans, there are no legal obstacles in Germany which would bar such sales. Since banks in the United States, in Asia and also in Italy have caused a sensation in the market by accomplishing sales of large portfolios of problem loans, this option has become increasingly attractive for German banks. German banks have accumulated a huge number of problem loans in their balance sheets in recent years. Numerous advantages are associated with the sale of such loans. Above all, the equity capital is credited and the balance sheet parameters are enhanced....

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