2023-12-21 23:44:39
BBVA has signed the sale of a portfolio of unpaid loans with guarantees (delinquent and failed loans) for a approximate gross value of 330 million euros. It is the second sale of this type that the entity makes in 2023.
This operation is part of BBVA’s value creation and balance sheet management strategy with capital optimization and will have a positive effect on the default rate of the entity in Spain, as announced by the bank through a statement.
The portfolio is made up of mortgage loans, distributed throughout Spain, in Andalusia, Madrid, Valencia and Catalonia.
It should be remembered that, in July, BBVA sold a portfolio of ‘unsecured’ loans in Spain, with a gross value of approximately 500 million euroswith the name ‘Nairobi’.
Previously, in 2022, BBVA sold another portfolio of this type of loans in Spain, with a gross value of approximately 730 million euross, with the name ‘Neila’.
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