GFKL acquires large NPL portfolio

By A staff reporter 2010-11-25T00:00:00

Essen-based GFKL Financial Services said on Thursday that it has acquired a large portfolio of real-estate-backed non-performing loans (NPL or bad loans) from an unnamed international bank and a private equity fund. The NPL portfolio has a total volume of over EUR 100 mln and is largely backed by commercial ...

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