BBVA Promotes the Sale of Unnim’s Toxic Assets for €500 Million
The bank has launched Project Dakar to divest the last remaining unpaid loans that it inherited from the group of former savings banks (Manlleu, Sabadell and Terrassa), which it bought in 2012.
The Debt Market Will Grow by 70% to Reach €140 Billion, According to LEM Loan eMarket
The marketplace for mortgage debt predicts an increase in NPLs relating to commercial assets in 2021, which offer higher returns than residential ones.
Sabadell Sells a Portfolio of Toxic Assets to Tilden Park for €60 Million
The bank chaired by Josep Oliu is finalising the sale of a portfolio containing around 1,000 non-performing loans to SMEs with real estate guarantees, whose original combined appraisal value was 300 million euros.
Santander Creates a New Real Estate Servicer for Non-Performing Assets
The bank chaired by Ana Botín has launched a non-performing asset management platform (for NPLs and foreclosed homes) that will also render services to third parties.