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Spanish Bank Ready to Sell Struggling Home Loan Portfolio

Posted by: In: Real Estate 21 Apr 2014 Comments: 0 Tags: ,

Slowly but surely Spain’s bank are moving to jettison the property-related assets weighing down their portfolios. In the latest announcement, Catalunya Banc SA, which was taken over by the government in 2011, is selling €6.95 billion ($9.6 billion) of residential home loans, most of which are described as “heavily delinquent.” …read more

Source: Spanish Property Insight



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