European banks have €1.3trn in non-core loan assets; Ireland in third rank after Germany and UK
Apr 14th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Following the financial crisis Big 4 accounting firm PricewaterhouseCoopers (PwC) estimates that European banks are holding more than €1.3trn of loan assets that have been identified as non-core to their businesses. These loan portfolios consist of both performing and non performing loans (NPLs). Banks will spend the next 10 years either running off or selling these assets.