EOS Spain acquires EUR 100 million portfolio from Bankia

The non-performing loan portfolio contains unsecured debts without mortgage guarantee.

A Coruña. EOS Spain has been awarded an important debt portfolio of the Spanish national Bank Bankia. The EUR 100 million portfolio contains non-performing loans with no backing of mortgages. It is composed of granular debt positions of SMEs and individuals, mainly loans, credit card financing and, to a lesser extent, credit accounts, guarantees and discounts.

The sale of this portfolio reduces the balance of doubtful loans of Bankia by EUR 79 million. The sale has followed a competitive process among institutional investors, in which EOS Spain has won the bid. EOS Spain is specialized in the purchase of non-performing loans.

“The sale of this portfolio allows Bankia to obtain immediate liquidity and free up resources to focus in their core business, meanwhile EOS recovers the debt in an optimal way, acceptable for the debtors and protecting the reputation of Bankia. At the same time, the acquisition strengthens the market position of EOS in the sector of debt purchase”, commented Manuel González, General Manager of EOS Spain.

About EOS Spain
EOS Spain, subsidiary of the EOS Group and with its headquarters in A Coruña, is specialized in debt management. The EOS Group is one of the leading international providers of customized financial services. Its main focus is on receivables management covering three key business segments: fiduciary collection, debt purchase and business process outsourcing. With just under 8,000 employees and more than 60 subsidiaries, EOS offers some 20,000 clients in 28 countries around the world financial security with tailored services in the B2C and B2B segments. Being connected to an international network of partner companies, the EOS Group has access to resources in more than 180 countries. Its key target sectors are banking, utilities and telecommunications, along with the public sector, real estate, mail order and e-commerce.

Press contact EOS Spain
EOS Spain S.L.U. 
Córcega, 371, 6ª planta
08037 Barcelona
Phone: +34 933 684 140