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Sabadell & BBVA Lead the Ranking of Toxic Portfolio Sales

The two entities have divested portfolios amounting to 1.85 billion euros in total.

Banco Sabadell has disposed of three different portfolios with a total nominal value of around 1.25 billion euros, whilst BBVA has carried out a single operation to sell a portfolio valued at 600 million euros.

NPLs will be released onto the market in 2021, just like in 2020, as a solution to the current failure by the European Union to create a community “bad bank”. A sale is the best solution for the banks to clean up their balance sheets, according to several real estate experts speaking at the most recent DD Talks meeting.

Read the full article in Spanish.

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