Stock of Non-Performing Loans in Portugal Could Rise to 21 Billion Euros
15 February 2021 A study on the Portuguese banking system by the management consulting company Roland Berger has predicted that 30% to 45% of the loans currently covered by moratoria could default. If so, the bad debt ratio would increase by 5 to 7 per cent to between 10% and 12%. Loans covered by the […]
Moody’s Forecasts Rise in NPLs to 9% Upon End of Payment Moratorium in Portugal
11 February 2021 The financial ratings agency Moody’s expects the NPL ratio in Portugal to rise to 9% this year from 5.5% in 2020. The New York-based firm also believes that the full extent of the impact on Portuguese banks will only become apparent after the end of the current measures to support companies and […]
BPI Sells Lime Project to Fund Managed by LX Partners for €300 Million
2 February 2021 BPI finalised the sale last week of the Lime Project portfolio of non-performing loans to LX Partners. According to an official source at the bank, which is helmed by João Pedro Oliveira e Costa, “on 27.01.21, BPI finalised the sale of an unsecured portfolio of NPLs with a total gross value of […]
DBRS Issues Warning Over Bad Debts in Portugal
18 January 2021 The Canadian credit rating agency DBRS has issued a warning that non-performing loans will weigh on the balance sheets of Portuguese financial institutions despite the expected economic recovery. As a whole, the European banking sector will remain under heavy pressure in 2021, with Portugal as the third worst-performing country in the eurozone. […]