Europe remains one of the largest distressed debt markets globally, attracting a broad range of institutional investors including private credit funds, hedge funds and specialised distressed asset managers. Despite relatively low aggregate NPL ratios in the European banking system, the…
Loans to small and medium-sized enterprises remain one of the most important segments within the European NPL market. SMEs represent a significant share of bank lending across many European economies, making them particularly sensitive to economic cycles. While the overall…
Re-performing loan (RPL) portfolios are attracting increasing attention from investors across the European distressed debt market. These assets, which were previously classified as non-performing but have resumed regular payment behaviour, offer a unique risk-return profile compared with traditional NPL portfolios.…
European NPL transaction volumes are expected to stabilise during 2026 following several years of balance sheet clean-up by banks across the region. While the large-scale portfolio disposals seen after the financial crisis have largely subsided, transaction activity remains steady in…
European financial markets entered 2026 in an environment characterised by elevated macroeconomic uncertainty. Regulatory authorities and market analysts have pointed to geopolitical risks, trade uncertainties and uneven economic growth as factors that may influence credit conditions across the region. Although…
The European Union continues to strengthen the regulatory framework supporting the development of a more efficient secondary market for non-performing loans. The implementation of the EU directive on credit servicers and credit purchasers aims to facilitate the transfer and management…
Commercial real estate (CRE) remains one of the most closely monitored credit segments in Europe as the banking sector navigates the current economic cycle. Rising interest rates over recent years, combined with structural shifts in office usage and commercial property…
European banks entered 2026 with historically low levels of non-performing loans, reflecting several years of balance sheet clean-up and improved credit management across the sector. According to recent supervisory data, the average NPL ratio across euro area banks remains below…