Sareb will revise its business plan in February.

Sareb, the bad bank, has made an important progress in the last few months, but he negative evolution of the real estate prices and the deterioration of the portfolio of credits is affecting its cash flow, yield and business plan, the IMF describes. The plan will be revised, as demanded by legislation, in February.

Sareb, in line with the forecast, will close the year with losses. As for 2014, the company hopes to improve thanks to the speeding up of the sales of assets, the development of a commercial strategy and the lesser financial burdens.

 

Source: Expansión

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