Foreign investment funds plus portfolio buyers in Europe

International investment funds have acquired portfolios of bad loans from Spanish banks in recent years by millions of euros.

Two important recent transactions involving Santander and BBVA can be highlighted. The first sold to Blackstone half of the toxic assets it received with the purchase of Banco Popular for more than 5,000 million and BBVA sold in November 2017 to Cerberus 80% of its property portfolio valued at 13,000 million.

On the other hand, the Asset Management Company from Banking Restructuring, Sareb, also known as bad bank , closed at the end of 2017 two major operations: the transfer of asset management from its socimi (Témpore Properties) to Azora (Goldman Sachs) and the transfer of a portfolio with residential assets and land to the Oaktree fund.

And, as we can see in the chart made by Cinco Days , Europe is one of the main investment hubs for international funds .

North American Cerberus , Blackstone and Fortres occupy the top three positions in terms of acquisitions in my millions of euros. And we must also highlight the European funds themselves, headed by Deutsche Bank .