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Bankia SA Sells Loan Portfolios For EUR1.35 Billion-DJ


Thursday, 1 Aug 2013 03:00am EDT 

Dow Jones reported that Bankia SA said it has agreed to sell three loan portfolios with defaulted debt for EUR1.35 billion ($1.79 billion), as part of a series of moves to clean up its balance sheet. In a statement, Bankia said the portfolios were acquired by funds and companies which specialize in handling such assets. It didn't offer additional details on the buyers. The loans in the portfolios include consumer credit and lending to small and mid-sized companies, Bankia added. 

Company Quote

1.413
0.014 +1.00%
11:35am EDT