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Banks Put €10 Billion in Doubtful Assets Up For Sale

With Santander, Sabadell and CaixaBank at the helm, the sector is studying the sale of portfolios of damaged assets worth 10 billion euros in total.

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Spain’s banks are already preparing to get rid of toxic assets in the face of a possible rise in non-performing loans. In the current scenario, marked by the pandemic, entities are keen to remove as many defaulted debts as possible from their balance sheets before they close their annual accounts.

With Santander, Sabadell and CaixaBank at the helm, the sector is studying the sale of portfolios of damaged assets worth 10 billion euros in total, according to a Debtwire report to which Expansión has had access.

Read the full article in Spanish.

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