Pekao to get rid of NPLs worth PLN 1.8 bln

Poland's second-largest lender Bank Pekao, is going to sell PLN 1.8 billion worth of non-performing loans (NPLs), Dziennik Gazeta Prawna daily reported. The loans on sale are probably consumer credits. Pekao finished 2014 with PLN 8.2 billion worth of loans in arrears, equivalent to 6.8 percent of Pekao's total credit portfolio.