Santander reaps capital benefit with close of toxic asset sale

Santander’s sale of toxic loans, acquired when it bought failed lender Banco Popular in 2017, helped free up core capital and remove dead weight from its balance sheet in the first quarter.

The Spanish giant completed the spin-off of half of Banco Popular’s real estate portfolio to private equity group Blackstone earlier this year. The sold assets included foreclosed homes and non-performing loans (NPLs).

Offloading the businesses led to a direct increase in Santander’s common equity Tier 1

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: