Spain has the third-highest level of NPLs in Europe, behind just France and Italy, according to the business consultancy Axis Corporate.
Even though Spanish banks have disposed of €155.921 billion in real estate assets since the beginning of 2015, Spain still has an NPL ratio of 4.5%, above the average of 2.9% in the rest of Europe.
Spanish banks have disposed of real estate assets worth €7.025 billion in 2021, the main sellers being Sareb, with €1.7 billion, and Banco Sabadell, with €1.385 billion. However, it still has a stock of 80.299 billion euros to sell.
