This portfolio includes several loans to Spanish SMEs many of them developers, according to Expansión, which relies on market sources. The operation is in a developmental phase.
In the last financial year, Bankia managed to reduce a total of 12.5% of default loans. In 2016, the bank, whose president is José Ignacio Goirigolzarri, managed to close sales transactions on portfolios with default loans for a sum of 455 million euros.