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NPL & REO

Santander Explores How to Securitise NPLs Through Deva Capital

The entity has created the company Deva Capital as a vehicle to explore the purchase of damaged assets from financial institutions around the world, according to various financial sources consulted by the newspaper Expansión. Investment banking sources stress that Santander's subsidiary in Brazil already acquires these types of assets from the banks through its real estate servicer.

Santander Negotiates the Sale of 50,000 Problem Mortgages to International Investment Funds

The bank is trying to sell nearly €5 billion worth of unpaid mortgages and mortgages whose payments are now up to date but which have been refinanced or classified as ‘subperforming’ in the past.

The ECB’s New Requirements will Stimulate another Mass Sale of Doubtful Debts by the Banks

The European Central Bank has got the whip out again to intensify the sale of doubtful loans, whilst the economic conditions allow it. Banks will have to make an additional effort to increase their provision cushions ahead of new tougher rules on doubtful debt; Caixabank, Bankia and Sabadell are going to be most affected.

Atlas & Prometeo: Santander Receives Binding Offers for its €5.7bn NPL Portfolios

Banco Santander has two doubtful loan portfolios on the market: Project Atlas, comprising €2.7 billion in unpaid mortgages and Project Promoteo, cont...