A Vulture Fund Buys €340 Mn in NPLs From Kutxabank

30/06/2014 – Expansion

Basque Kutxabank transferred a €340 million worth of non-performing loans to an opportunistic fund. Great majority of the credits were granted in 2008 and 2009 and they are not backed with real estate assets. Large part of the defaulting loans belong to Cajasur acquired by BBK.

 

Original article: Expansión

Translation: AURA REE

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