‘Megadeals’ drive rise in 2018 NPL sales

The European loan sales market reached new heights last year, with €113.8bn of non-performing loans been sold, according to Evercore.

A higher number of ‘megadeals’ with a face value greater than €1 billion drove an uptick in non-performing loan sales across Europe in 2018, up by 11.2 percent to €113.8 billion year-on-year.

The number of megadeals more than tripled from eight transactions in 2017 to 27 in 2018, new research by investment banking firm Evercore shows.