Popular sees highest NPL inflow since 2012
Telecoms and hotel loans behind $242 million in new NPLs in Q3
Popular’s non-performing loan (NPL) inflows totalled $242 million in the third quarter, the most in a single reporting period since 2012.
The lender said the increase was driven by two exposures: a $158 million commercial and industrial loan to a telecommunications company and a $30 million commercial real estate loan secured by a hotel in Florida. The bank wrote off $14 million from the latter
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