NPLs

Novobanco is to again attempt to sell the €37 million debt attached to a hotel in Figueira da Foz which has been nicknamed the ‘Titanic’ because of its shape. The hotel Eurostars Oasis Plaza was [...]

Portugal’s main high street banks Santander Totta, BPI, BCP and Novobanco have begun marketing various portfolios of Non-Performing Loans after an inactive first half of the year. The banks are [...]

Novobanco tried to sell a €121 million debt contracted by civil construction builder José Guilherme at a 97% discount. According to the newspaper Correio da Manhã, the Resolution Fund refused to [...]

Transactions of Non-Performing Loans (NPLs) in Portugal tripled in 2021 with an estimated selloff of around €3.5Bn. However, according to Prime Yield total transactions are still below 2019 [...]

Paulo Merino, the principal/portfolio manger of CPP Investments Board (Canada Pension Plan Investment) has been chosen by Financial News in London as the best European Investor in the under 40s [...]

Four International funds are said to be interested in buying up the loans portfolio Project Harvey which contains non-performing loans from big debtors like Grupo Lena and Urbanos. The funds [...]

One of the most exclusive business clubs in the world, the GRI Club returns to Portugal between 20 and 21 September 2021 at Lisbon’s Marriott Hotel. The event will provide a two-day get-together [...]

The Canadian ratings agency DBRS has issued a warning over Montepio’s poor profitability and high NPL ratios which threaten to downgrade the bank’s credit rating. The agency has maintained the [...]