European loan sales to reach €80bn - PwC

European banks are expected to sell €80bn of non-core loans this year, according to PriceWaterhouseCoopers, which should be another record year. Portfolio trades in 2013 hit around €64bn par value, up from €46bn in 2012 and €36bn in 2011. PwC says loan portfolios of around €30bn par are in process or closing now, with its loan team working on a further €10bn of trades.