Spanish Banks Face Sharp Discounts For Bad Asset Transfer

Spanish lenders transferring troubled loans to the country’s new bad bank are said to be facing sharp discounts of an average 52.2% of face value for mortgages on new constructions, and 47.5% on older ones.

  • 23 Oct 2012

Spanish lenders transferring troubled loans to the country’s new bad bank are said to be facing sharp discounts of an average 52.2% of face value for mortgages on new constructions, and 47.5% on older ones.

Click here to read the story from Reuters.

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