NPL platform to boost recoveries

Category: NPLs ABS

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The creation of a non-performing loan platform by Portugal's three largest banks - Caixa Geral de Depósitos (CGD), Banco Commercial Português (BCP) and Novo Banco (NB) - is expected to speed up recovery processes. However, the impact on the three banks' asset quality is likely to be limited.

According to DBRS, the NPL platform is a "positive, but small step, to strengthen [the banks'] recovery processes."

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