| | |
| Summary |
| Please note: The McKinsey Quarterly has agreed to a special arrangement for CEOExpress members that allows member access to their articles. Articles must be clicked on directly through the links below to gain access to this group of articles.
|
Good Money From Bad Debt
Bad debt has reached colossal proportions in Europe. Deadbeats owe German banks and businesses $280 billion. Nonperforming credits come to $180 billion in both France and Italy, to $100 billion in the United Kingdom, and to $30 billion in Spain. Is there money to be made from all this bad credit?
The take-away: A few large banks have recognized a business opportunity in managing their own and other companies' nonperforming credits on an industrial scale. Companies that get the techniques and the organization right could earn annual profits of $150 million.
Articles provided by The McKinsey Quarterly
© 1992-2003 McKinsey & Company, Inc
|
|
|
