What do you see as the new trend in NPL disposal
Cahill The international multi-million deals that caught much of the attention last year and earlier on. They typically involved specialist funds or leading investment banks buying directly from the asset management companies, which were set up to take over bad loans from the state banks. This trend is similar to what happened in Taiwan, Thailand and Korea.
However, the current deals in China have been bedeviled by a number of issues, in particular, the extremely low price which the investment banks favoured in order to compensate for the risk they were taking on. In many of...
