The portfolio, which includes secured and unsecured positions involving around 22,900 loan agreements and approximately 5,600 customers, was sold to funds managed by a US-based asset manager.

Through a competitive process, BPI has completed the sale of a non-performing loan portfolio with a total gross value of around €82 million.

It was sold to funds managed by a US-based asset manager and includes both secured and unsecured positions, involving around 22,900 loan agreements and approximately 5,600 customers.

“This transaction reinforces BPI’s solid position, which maintains a low-risk profile,” the bank said in a statement.

Original Story: Jornal Económico | Author: Maria Teixeira Alves
Edition and translation: Prime Yield