Characteristics of the RED and REO properties in the portfolios we manages
We manage and market Bankia’s portfolio of RED and REO properties across the whole of Spain.
We have been awarded management of a package of 52,000 loans for a period of five years.
Conversion of REO debts.
We have a 10-year sole contract to market the properties and property development loans held by Grupo Cooperativo Cajamar throughout Spain.
We have an agreement for sole management of the existing foreclosed property assets on the Liberbank balance sheet, together with any foreclosed property assets added to the balance sheet of Liberbank or its property subsidiaries in future, for a seven-year period.