Bankia is negotiating the sale of Bank Mare Nostrum’s portfolio

Bankia is negotiating the sale of Bank Mare Nostrum’s portfolio

According to Eje Prime, Bankia intends this operation to take place quickly after the integration of the two entities in the beginning of 2018, as Santander did in August with the portfolio it inherited from Popular, sold to Blackstone.

BNM has a total of €1,100 million net foreclosed assets, a coverage rate of 28% foreclosed assets and 40% in doubtful assets. 

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