Banking and Credit Bulletin | 27 September 2023

Banking – Banco Empresas Montepio sold to fintech Rauva for €35m (ECO)

Credit – Spanish Banks outstanding mortgage balance falls below €500bn (Expansión)

Credit – Consumer loans reach July highs with 2009 figures (El Economista)

Credit – Oaktree entrusts Alantra with the sale of a c.€600M portfolio composed of assets, mortgages and its stake in its servicer “Redwood” (El Confidencial)

Credit – Santander Consumer Finance sold NPL portfolio valued at c.€360M during the first semester (Expansión)

Real Estate – Intrum closes its purchase of Haya Real Estate for c.€136M (Cinco Días)

Credit – Santander and Mapfre will sell equity release mortgages in 2023 after receiving authorization (El Confidencial)

Credit – The Dutch Central Bank has approved Achmea Bank’s application for the Advanced Internal Rating-Based status (Achmea)

Credit – Rabobank launches new platform for private equity loans (fd.)

Credit – Hanseatic Bank reported to scale back its credit card business and focus on deposits (finanz-szene)

Credit – ECB regulatory recommendation results in increased capital requirements for NordLB (finanz-szene)

M&A – Pliant, a credit card specialist, takes over Friday Finance, a fintech focused on digitising financial processes of SMEs (FinanceFwd)

Credit – German Fintech Crosslend reports over-indebtedness and scaling new business down (finanz-szene)