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According to the report, banks sell off loans • THOMAS DAILY

According to a “Reuters” report, some banks have parted with their loans to IVG. Three IVG loan packages with a volume of EUR 400 to 500 million are said to have recently been sold to financial investors. The selling price is around 85% of the nominal value and thus at the “distressed” level. Further sales are to be expected, it is said.

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