Europe is emerging as a strong non-performing loan market, with an estimated €1 trillion of NPLs now on the balance sheets of the region’s banks, according to Ernst & Young’s 2013 NPL report.

This is the first time Ernst & Young’s annual NPL report has studied how respondents look at investment opportunities on both sides of the Atlantic, with European investors accounting for nearly a third of survey respondents asked for their views in January.

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