Seventy-one out of 123 electronic auctions of foreclosed property taking place around Greece on Wednesday were successfully concluded, with a highest bidder declared.
No bids were received in 38 e-auctions, while 14 were postponed and shall be repeated.
Resuming auctions of foreclosed properties, primarily by lien-holding commercial banks, has been a strong demand by Greece’s institutional creditors in order to, among others, reducing the massive debt load entailed in non-performing loans (NPLs) burdening banks’ portfolios.
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Source: naftemporiki.gr
