When a bank has lost confidence in a borrower’s shareholders, a restructuring owner can take over the shares. Ludwig Weber and Dietmar Haffa explain the concept with three cases.
A refinancing wall of EUR 74 to 86 billion is building in German commercial real estate. Oliver Platt on why it leads to pre-insolvency restructurings instead of large NPL portfolio sales.
Bidding consortia of international investors and licensed servicers have replaced the one-stop shop. Jörg Jünger and Fabian Zwanzig on how the German NPL buyer market has changed.
The NPL Barometer 2026 shows an elevated business climate in the German NPL market. Banks expect non-performing loans to reach €53.1 billion by the end of 2027, with commercial real estate and SMEs under particular pressure.
The EBA Risk Dashboard for Q4 2025 shows the EU NPL ratio at a record low while Germany’s rises to its highest since 2018 — driven by commercial real estate and SME lending.
Germany’s financial supervisor BaFin has published its 2026 risk assessment. For banks and loan
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