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Regulatory push to unlock NPL sales in Bulgaria

Given similar regulatory developments, the banks in CEE & SEE have begun actively to deleverage their NPLs, in some cases with government support. We anticipate the banks in Bulgaria taking proactive measures for the disposal and sale of NPLs, either in anticipation or as a result of the AQR review. We have seen the first results in terms of large scale portfolios being brought to the market.

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