Housing Finance Corporation initiates process to sell non-performing loan portfolio

The Housing Finance Corporation (HFC) has launched a tender process to appoint external consultants for the sale of its non-performing loans (NPLs). According to General Manager Christoforos Kaplanis, this move is a significant step toward the financial restructuring of the organization. The hired consultants will provide legal, tax, and accounting expertise to facilitate the transaction. The HFC intends to sell a portfolio of NPLs totaling approximately €135 million, with completion expected between late 2027 and early 2028. This portfolio comprises two main segments: loans worth over €50 million secured by properties valued at around €250,000, and loans worth approximately €85 million that are over eight years in arrears. The latter category involves debts with 96 missed installments. All procedures must adhere to regulatory requirements and oversight guidelines to ensure transparency and compliance.