Bankinter Portugal real estate portfolio from non-performing loans (NPL) disclosure is made of 400 properties. Most of the assets are residential, having a value of 40 million euro, or 10% of the consolidated value.

The bank informed that its portfolio of mortgaged real estate assets had a “significant decrease” in the final stage of 2017, to a total gross value of 411,6 million euro (111,9 million less than one year ago), of which 44% correspond to residential assets. The foreclosure coverage is now 45,2%.

The NPL ratio of the Bank in Portugal is 7.5%, decreasing 1 percentage point compared to 2016. Now this indicator figures 392 million euros.

Original Story: Idealista
Photograph: Bankinter
Translation and Edition: Prime Yield