The sale of non-performing loans (NPL) portfólios reached a total of 7.7 billion reais in the third quarter of 2024, a result 64% higher than in the second quarter, when it reached 4.7 billion reais. The data comes from a survey carried out by Recovery, a company in the segment belonging to the Itaú Group.

Compared to the same period in 2023, when 5 billion reais were sold, the result in the third quarter was 54% higher, which indicates that credit assignments were dammed with the arrival of the federal government’s Desenrola programme in the third quarter of 2023, according to the company’s analysis.

In 2024, the NPL market will record a total of 17.4 billion reais in non-performing portfolios sold.

Original Story: Veja Negócios | Author: Felipe Erlich
Translation and Edition: Prime Yield