Banco Santander Totta gauges interest for NPL exit

JP Morgan has been mandated as sole arranger and lead manager by Banco Santander Totta to explore investor interest for its Portuguese non-performing loans (NPL), according to an email to investors seen by GlobalCapital.

  • By Asad Ali
  • 11 Sep 2018

The Portuguese bank is seeking to dispose of a €482m portfolio, roughly half of which is secured debt, either through an ABS exit or whole loan sale disposal subject to market conditions.

Banco Santander Totta, which acquired Banco Popular Portugal (BPP), is the largest private bank in Portugal ...

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