trending Market Intelligence /marketintelligence/en/news-insights/trending/b2JlNBOmBOy7f63KPY2Fuw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

BBVA to sell soured mortgage loan portfolio to Voyager Investing UK

Blog

Banking Essentials Newsletter: May Edition

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks


BBVA to sell soured mortgage loan portfolio to Voyager Investing UK

Banco Bilbao Vizcaya Argentaria SA said Dec. 26 that it agreed to sell a nonperforming and in-default mortgage loan portfolio worth roughly €1.49 billion to Voyager Investing UK LP, which is managed by Canada Pension Plan Investment Board.

The deal is expected to close in the second quarter of 2019.

At completion, the transaction will have an impact of about €150 million on BBVA's profit, net of taxes and other adjustments, while the impact on its common equity Tier 1 fully loaded ratio is expected "to be slightly positive."