trending Market Intelligence /marketintelligence/en/news-insights/trending/PaiEG4wz3Jh9xT5Whz314g2 content esgSubNav
In This List

BFA-Bankia group signs sale of €385.9M NPL portfolio

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


BFA-Bankia group signs sale of €385.9M NPL portfolio

BFA SociedadTenedora de Acciones SAU and Bankia SA signed the sale of a portfolio of €385.9million in doubtful and bad loans from various industrial sectors.

The loans are partly backed by real estate guarantees andother collateral. The portfolio comprises €253.9 million in loans correspondingto Bankia and €132 million corresponding to BFA.

The sale reduces the BFA-Bankia group's stock of doubtfulloans by €230.2 million. The transaction will also raise liquidity and providethe group with resources for new loans.