Spain's bad bank finds NPLs a bad business

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Spain's bad bank finds NPLs a bad business

Tom Brown
April 24, 2019 02:30 PM
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Location Spain. Red pin on the map. | Zerophoto/Zerophoto - Fotolia

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.

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