Banco Sabadell is looking for a candidate to buy a further portfolio of non-performing loans (NPLs) with a total value of 1,000 million euros, market sources have confirmed to Europa Press.

It would be a portfolio made up of equal parts of failed consumer loans and doubtful loans granted to companies, although it was contracted prior to the Covid-19 pandemic.

The bank would have put this portfolio up for sale in April, although it would be mid-June when the entity would begin to receive offers for it.

According to ‘El Confidencial’, which has advanced the news, the bank is also reorganising the management of unpaid loans by uniting the areas of recoveries and construction of doubtful portfolios under the same management.

Original Story:  Idealista |Europa Press 
Photo: Sabadell website
Edition: Prime Yield