Seventy-one out of 123 electronic auctions of foreclosed property held around Greece on Wednesday were successfully concluded, with a highest bidder declared.
No bids were received in 38 e-auctions, while 14 were postponed and will be repeated.
Resuming auctions of foreclosed properties, primarily by lien-holding commercial banks, has been a press demand by Greece’s institutional creditors in order to, among others, reducing the massive debt load entailed in non-performing loans (NPLs) burdening banks’ portfolios.
