Spanish Bad Bank Accounts

Spanish Bad Bank Accounts

According to Premier Marbella news sources, Spanish Bad Bank SAREB the asset management company for bank restructuring in Spain has sold since late February (when it signed contracts to manage the toxic assets of banks) to May a total of 550 properties. In addition to...
PricewaterhouseCoopers Spain

PricewaterhouseCoopers Spain

According to Premier Marbella news sources, PricewaterhouseCoopers say property prices are bottoming out in Spain. The partner of PricewaterhouseCoopers (PWC) responsible for real estate, Juan Velayos, believes that the price of housing in Spain “is bottoming...
Grupo2 Move Assets to Sareb

Grupo2 Move Assets to Sareb

According to Premier Marbella news sources, on Thursday, the group of banks in Grupo2, composed of CEISS, Liberbank, BMN Box3 will transfer their bad assets, valued at 15,000 million euros, Sareb. The transfer of assets from Grupo2 comes after the entity has increased...
KPMG Sareb projections

KPMG Sareb projections

According to Premier Marbella news sources, KPMG has two months to readjust the Sareb projections.The entity for restructuring banks toxic assets (Sareb), the so-called ‘bad bank’, has selected KPMG to draw up a business plan for  the company and will take...
BBVA Estimates Decrease

BBVA Estimates Decrease

According to Premier Marbella news sources, BBVA estimates housing oversupply will decrease modestly in 2013. BBVA ‘Research’ believes that the huge stock of homes for sale in Spain will be reduced “modestly” this year, in the wake of 2012....