A research by Prime Yield confirmed that the variety of unhealthy money owed held by Portuguese banks has decreased, besides, Portugal’s unhealthy debt fee continues to be ranked fifth in Europe
A research by Prime Yield introduced that Portugal’s unhealthy debt portfolio (NPL) transactions will speed up in 2021 and is predicted to succeed in 3.5 billion euros by the top of the yr.
In keeping with Prime Yield, this yr’s worth forecast is 3 times “in contrast with lower than 1 billion transactions in 2020”, however “nonetheless beneath [-56%] Among the many 8 billion euros recorded earlier than the 2019 COVID-19 pandemic”.
The annual research “Investing in Non-Performing Loans in Iberia” launched in the present day acknowledged that the forecast for 2022 is “very optimistic, because the market continues to speed up its restoration within the coming months and new portfolios emerge and transactions are anticipated to develop strongly”.
In step with European tendencies, the quantity of unhealthy money owed held by Portuguese banks continued to lower final yr. Between June 2020 and June 2021, it decreased by about 5.4 billion, which suggests a discount from 12.2 billion in 2012 to eight.8 billion. -Through the month. Equally, the non-performing mortgage ratio (that’s, the proportion of unhealthy money owed within the whole credit score services) additionally continued to compress, falling from 5.7% to 4.2% throughout the evaluate interval.
Even so, regardless of these advances, our nation continues to be the fifth “nation with the best non-performing mortgage fee in Europe”, second solely to Greece (14.8%), Cyprus (9.1%), Bulgaria (6.4%) and Poland (5.2%) ), virtually twice the European common of two.3%.