20 August 2019
Banco Santander is considering a potential sale of a €12-billion portfolio of real estate loans by the end of the summer.
The bank is looking to improve its capital ratios in Spain, which are still weighed upon by assets the bank took over from Banco Popular, in spite of a €30 billion sale of assets to Blackstone in 2017, Project Quasar. On Tuesday, the bank reported that its NPL ratio stood at 7%, above rival banks such as BBVA Spain (-4.9%) and CaixaBank (-4.6%).
Original Story: El Confidencial – Jorge Zuloaga
Adaptation/Translation: Richard D. K. Turner