3 November 2020 – Novo Banco has announced that it is putting a new portfolio of non-performing loans on sale. The portfolio, which is valued at just over 200 million euros, is expected to sell by the end of the year, and has been dubbed the “Wilkinson Project.”
The bank, which is helmed by António Ramalho, is preparing the new portfolio for sale following shortly after another such sale of NPLs, this time called the “Carter Project”, worth 100 million euros.
Original Story: Jornal Económico – Maria Teixeira Alves & António Vasconcelos Moreira
Translation/Summary: Richard D. Turner