Housing Finance Corporation plans to sell 135 million euro non-performing loan portfolio

The Housing Finance Corporation (HFC) announced plans to sell a non-performing loan (NPL) portfolio valued at approximately 135 million euros. General Manager Christoforos Kaplanis stated during a parliamentary finance committee meeting that this portfolio includes 50 million euros in loans secured by properties valued over 250,000 euros and 85 million euros in loans with arrears exceeding eight years, or 96 unpaid installments. The process is scheduled to begin with a tender in April or May, followed by a due diligence period. The final sale is expected to take place between late 2027 and early 2028. Last year, the HFC put a 57 million euro portfolio up for sale, composed of 52 million euros in high-value property loans and 5 million euros in non-primary residence loans. The organization reported a reduction in total NPLs from 270 million euros annually to 254 million euros as of February, with 24 million euros of those undergoing restructuring. While sources conflict slightly on the exact classification of previous portfolios, the core details regarding the 135 million euro target for this year remain consistent.