Substantial progress has been made in NPL portfolio cleansing. However, NPL sales are still desirable in the region, leading to a further decline in the NPL ratio and higher profitability. Additionally, in the next 2 years, changes in legislation, combined with improving fundamentals, should see almost all countries experiencing lending growth, with even the laggards picking up.
"Marginal players are ready to consider offers." -Tamás Simonyi, Partner, Deal Advisory, Financial Services, CEE