Bankia puts its portfolio of toxic assets on sale at a value of 400 million

Bankia puts its portfolio of toxic assets on sale at a value of 400 million

Called Project Beetle, it is mainly composed of non-performing mortgage loans. As soon as the sale is concluded, the bank aims to accelerate still further its property disinvestment for 2018, after having already undone a portfolio of 290 million Euros in toxic assets, the Giants Project, in the first quarter.

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