PKO to sell NPLs worth PLN 900 mln

Poland's biggest lender by assets, state-controlled PKO Bank Polski is going to sell a portfolio of non-performing-loans (NPLs) valued at up to PLN 900 million, by the end of the year, the ISBnews reported. The portfolio will feature corperate alongside retail loans, according to Piot Mazur, the deputy CEO at PKO BP. In the first half, the lender sold NPLs worth some PLN 400 million in total. As of 2014, PKO BP sold NPLs valued at PLN 650 million.