Low prices for non performing greek loans

Low prices for non performing greek loans

Athens, December 14, 2015/Independent Balkan News Agency

By Olga Mavrou

Investment funds are offering rates of about 10 cents per euro for the purchase of bad corporate loans of greek debtors that are bankrupt or out of business.  The rate for sustainable corporations is almost 50 cents per euro.

The repayment of the first category of loans  is considered impossible, and the buyers of the debts are aiming mainly for the real estate or the equipment of the debtors. But for the sustainable corporations the aim is to take over the management, reduce the costs and sell them.