The market for the sale of non-performing loans by banks is accelerating. Santander has just put up for sale an NPL portfolio worth 160 million euros, made up of loans to large debtors.
Banco Santander Portugal has just put up for sale a portfolio of non-performing loans (NPLs) worth 160 million euros, the majority of which is made up of loans to large debtors (single names).
This NPL portfolio is mixed, between secured and unsecured, but the largest positions are loans with guarantees, Económico understands.
The bank declined to comment.
The market for banks to sell non-performing loans is accelerating at a time when the government says it has a legislative proposal to transpose the directive on credit managers and purchasers, with the aim of ensuring consumer protection. This is a European requirement.
Original Story: Jornal Económico | Author: Maria Teixeira Alves
Edition and translation: Prime Yield