Martin Arnold (2018), “EU banks rush to ‘have cake and eat it’ with bad loan sales”, Financial Times, 23 April
Southern European banks have taken more than €14bn in extra provisions this year to write down the value of toxic loans they plan to sell, while taking advantage of a new accounting rule to delay the hit to capital. Analysts say the opportunity for banks to “have their cake and eat it” by taking extra provisions on bad loans without having to raise extra capital has spurred more lenders to start selling non-performing loans particularly in Italy and Greece.
- Bloomberg View, (2017), «Europe Needs to Face Its Bad-Loan Problem», 30 October
- Sotiris Nikas, Christos Ziotis, Stefania Spezzati, (2017), «Greek Banks Face ‘Gangs’ in Bad-Loans Battle With Defaulters», Bloomberg, 19 October