Montepio Sells €253m NPL Portfolio

The transaction contributed to a 3 basis point increase in Banco Montepio’s total capital ratio.

The Portuguese Securities Market Commission (CMVM), announced last Friday, the sale by Banco Montepio of a €253-million portfolio of non-performing loans.

In a portfolio comprising 10,318 contracts registered on and off balance sheet, the gross amount sold reached 253 million euros.

The acquisition of this NPL portfolio was carried out by LX Investments Partners III, BTL Ireland Acquisitions II Designated Activity Company and BTLP Acquisitions I Unipessoal, Lda, companies incorporated and governed by Portuguese law with head offices in Portugal.