The report comes from the fourth-edition of the Observatorio Inmobiliario Assets Under Management, which is drawn up yearly by the business consulting firm Axis Corporate. During the first six months of 2020, more than €1.3 billion in NPLs were sold (compared to €17.365 billion last year).

According to the report, if we take into account that large and medium-sized banks had assets valued at 85.259 billion euros on their balance sheets at the end of 2019, and that total ICO-financing to companies as of June this year reached 70.484 billion euros (€49.917 billion for SMEs and the self-employed and €20.566 billion for companies), the total stock of non-performing loans would reach 170 billion euros.

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