The EBA has set out guidelines for integrating measures to process problem loans into banking procedures. These focus on concessions with regard to repayment methods when borrowers start to show signs of financial difficulties. The “Guidance to banks on non-performing loans” published by the EBA provides for an operational model for NPLs based on specialised NPL workout units (WUs).
FERNBACH has integrated these functions into FlexFinance. If you are already a FlexFinance user, you may be particularly interested in knowing that the existing interfaces can be used for NPE/forbearance.