Edition:
United Kingdom

BBVA Sells Non-Performing Credit Portfolio Of 1.49 Bln Euros


Wednesday, 26 Dec 2018 

Dec 27 (Reuters) - Banco Bilbao Vizcaya Argentaria SA ::SAID ON WEDNESDAY IT HAS REACHED AN AGREEMENT TO SELL PORTFOLIO OF CREDIT RIGHTS WHICH IS MAINLY COMPOSED OF NON-PERFORMING AND DEFAULT MORTGAGE CREDITS AMOUNTING TO 1.49 BILLION EUROS.SEES POSITIVE IMPACT FROM THE TRANSACTION ON GROUP ATTRIBUTABLE PROFIT OF 150 MILLION EUROS, NET OF TAXES AND OTHER ADJUSTMENTS.SEES IMPACT FROM THE TRANSACTION TO BE SLIGHTLY POSITIVE ON CET 1 FULLY LOADED.THE BUYER IS VOYAGER INVESTING UK LIMITED PARTNERSHIP, AN ENTITY MANAGED BY CANADA PENSION PLAN INVESTMENT BOARD.SEES TO CLOSE THE TRANSACTION IN Q2 2019.