Tag Archives: EU

Why GACs like guarrantee is better than national AMCs

As reported by Reuters European Union finance ministers on Tuesday called for speedier unloading of bad debt by EU banks and recommended more money be put aside by the banks to protect them from trouble. Vice-President Valdis Dombrovskis told a news … Continue reading

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European Commission approves the 2017-2021 BMPS restructuring plan

BMPS got finally the green light for its restructuring  plan from European Commission. Key highlights: Disposal of €28.6bn gross bad loans (data as of 31 December 2016), of which €26.1bn by means of a securitisation transaction and €2.5bn, including unsecured small … Continue reading

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