Portuguese private bank BPI has just sold a nonperforming loans (NPL) portfolio to the LX Partners fund. The named “Project Lime” includes 30,000 credit contracts, with a gross book value of €300 million.
According to official sources from the bank, the deal was completed in January 27th , and comprises about 30,000 unsecured credit contracts, the same is saying that these loans have no collateral associated.
Original Story: ECO |News
Photo: BPI Facebook
Translation & Edition: Prime Yield