This book discusses the most critical issues relating to the recovery of bad loans - a major
problem that European banks urgently need to address and resolve. The book describes in an
innovative but also pragmatic way the new approaches techniques and models for optimal
management of non-performing loans (NPLs) and the maximization of their recovery value. Drawing
on a rigorous academic background and the latest real-life experiences of major European banks
it details a novel means of dealing with NPLs based on velocity the holistic use of tools and
accelerators and the active management of collaterals. Also there is a specific focus on the
smart use of big data and on the development of bad banks at both the single bank and the
system-wide level. Ultimately credit workout is defined as a core capability for any
competitive bank - and as a quite interesting business opportunity for independent specialized
alpha players.
