The real estate company created to take over Banco Popular's toxic assets has debt with Morgan Stanley and Deutsche Bank amounting to 7.3 billion euros.
The contracts signed with Cerberus and the FROB have a nominal value of around 500 million euros.
The NPL ratio is 4.5%, higher than the European average. Banks have offloaded real estate assets worth more than 7 billion euros in 2021.
Spain has the second-highest level of non-performing loans (NPLs) in Europe, behind just France.