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 […]
DBRS Forecasts Full Recovery for Portugal’s Tourism Sector
9 February 2021 The financial rating agency DBRS Morningstar has forecast that Portugal’s tourism sector will not return to pre-pandemic levels this year while maintaining that its attractiveness will continue after the crisis ends. In an analysis of the tourism sector in Portugal, DBRS foresees another challenging year for the industry, given the seriousness of […]
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 […]