BBVA, sold an NPL portfolio with a GBV of approximately 270 million euros

Over the last past days, the BBVA banking group has sold a portfolio of non-performing loans (NPLs) in Spain with a GBV of approximately 270 million euros. The deal was awarded to the Norwegian debt buyer and servicer Axactor, listed on the Oslo stock exchange.

The operation called “Estoril Project” will have a positive impact on the NPL ratio by BBVA which was 4.11% at the close of the first quarter of 2024.

In 2022 and 2023 BBVA had also sold two non performing loans portfolios in Spain with a GBV of 730 million euros (Neila Project) and 500 million euros (Nairobi Project) respectively.

The Spanish branch of Axactor together with the Italian one are certainly among the most dynamic of the group present as it is also known in various other countries.

Roberto Sergio

Managing Director of Credit Village, Roberto Sergio has more than 20 years of experience in NPL and distressed debt in the Italian and International market. He is the editor of the NPL column in Credit Village Magazine and the director of Credit Village's National NPL Market Observatory.

No Comments Yet

Leave a Reply

Your email address will not be published.

Credit Village is a leading company in the field of specialized publishing and event organization for the credit management industry and in all issues and aspects related to the NPE market, including ESG , M&A, Real Estate etc. Credit Village has been the first company in Italy to bring the culture of the credit management industry to the press, events and online, creating the largest community in the sector around itself.