Banco Sabadell would be looking for a candidate to sell a portfolio of doubtful loans (NPL, for its acronym in English) whose total value amounts to 1,000 million euros, as confirmed by market sources to Europa Press.
It would be a portfolio made up in equal parts of non-performing consumer loans and doubtful loans granted to companies, although their contracting is prior to the Covid-19 pandemic.
The bank would have put this portfolio up for sale in April, although it would be this week when the entity would begin to receive offers for it.
According to ‘El Confidencial’, which has advanced the news this week, the bank would also be reorganizing the management of bad loans by uniting the areas of recoveries and construction of doubtful portfolios under the same direction.
