8 A generalized sale of NPLs on the market would imply a large transfer of resources from banks to buyers. While the secondary market for NPLs is showing signs of rapid growth, it is still opaque and relatively oligopolistic. Simultaneous, blanket sales would further depress market prices, magnifying the gap between the book and market values of NPLs.
This milestone event was also highlighted by the visit of Queen Maxima of the Netherlands who attended the launching with a commitment of assistance and partnership not only from the Netherlands, but also from the United Nations, in her capacity as the designated UN Secretary General’s Special Advocate for Inclusive Finance for Development.