Spain's bad bank finds NPLs a bad business

madrid fotolia 230x150
By Tom Brown
24 Apr 2019

Spanish bad bank Sareb is reducing NPL portfolio sales in 2019 after increased competition made large sales unprofitable, and is instead focusing on converting NPLs into real estate assets via foreclosure. Tom Brown reports.

“We are reducing our activity in portfolio NPL sales. Instead we are extending our activities into real estate assets,” said Susana Díaz, communications manager at Sociedad de Gestión de Activos procedentes de la Reestructuración Bancaria. “We will concentrate in preserving the value of our portfolio, accelerating the rate ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.