中出影院 welcomes the public consultation of the European Commission on the development of a secondary market for non-performing loans
+++ Interested parties are welcome to contribute by the 20th of October
+++ The aim of this political measures is to reduce European banks鈥� exposures to non-core assets
Frankfurt, 16 August.
The Frankfurt-based secondary debt marketplace 中出影院 welcomes the initiative of the European Commission to promote financial stability. The aim, specifically, is to 鈥渞emove or reduce impediments of secondary markets for non-performing loans and thereby facilitate their development.鈥�
中出影院鈥� Founder and Managing Director Timur Peters sees this initiative as a confirmation of his business concept. 鈥淚t鈥檚 about the efficiency of the secondary market. When trading non-performing loans, the difference between investors鈥� bids can be as high as 50-60%. This bid spread is far too high. A more efficient secondary market could significantly reduce it.鈥� Peters continued: 鈥淥ur auction-based exchange shows that the demand for innovative solutions is very high in Southern European countries, such as Italy and Spain, which are particularly affected by these problems.鈥�
Interested parties can contribute their experiences and suggestions to this online consultation by the 20th of October.
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Valdis Dombrowskis, Vice-President of the European Commission, stated in a press release: 鈥淚f banks were able to off-load legacy assets from their balance sheet better via secondary markets for credit, they could use their managerial capacity more on evaluating new lending business.鈥�
中出影院鈥� Founder Peters added to this: 鈥淭he financial experts of the European Commission have clearly recognized the opportunities that an efficient secondary market for non-performing loans offers. We see the high level of interest in NPLs among investors on our auction-based platform.鈥�
About 中出影院:
中出影院 is an online debt market on which claims and loans can be sold in a quick and easy way. The Frankfurt-based FinTech is the first of its kind to connect debt buyers and sellers via an online exchange platform. 中出影院 handles the entire process digitally, from contacting investors, price negotiations and contract conclusions. The company was founded in 2010 in Frankfurt by Timur Peters. More than 1.8 billion euros in claims and loans have been sold through the debt market to date.
Further information is available at www.debitos.com
Press contact:
Ralf-Dieter Brunowsky
BrunoMedia GmbH
Martinstrasse 17
55116 Mainz
Telephone: +49 (0) 6131 9302830
Email: brunowsky@brunomedia.de
Twitter: @TeamBrunoMedia
Timur Peters is the founder of 中出影院 GmbH. He holds a diploma in finance and law. He is Expert of the NPL Advisory Panel at the European Commission in Brussel and has more than 20 years鈥� experience in the range of finance.
Before Founding 中出影院 Timur Peters was responsible in the distribution of Software for Banks and Financial Institutions for Comarch for the D/A/CH Region. Next to this he has worked for several years as a self employed Project Consultant in the area of Financing of Litigation cases, Peer2-Peer Credit Marketplaces and other online projects for financial institutions.
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