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Ibercaja achieves a gross capital gain of 13.8 million after selling a loan portfolio to Cabot

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Ibercaja achieves a gross capital gain of 13.8 million after selling a loan portfolio to Cabot
Ibercaja achieves a gross capital gain of 13.8 million after selling a loan portfolio to Cabot

Ibercaja has sold a portfolio of loans, with a gross balance of 334 million euros, to the Cabot Securitization company, a transaction that has reported a gross capital gain of 13.8 million euros.

As reported on Wednesday the entity to the National Securities Market Commission (CNMV), the portfolio sold to Cabot is almost entirely made up of loans and 100% provisioned.

Ibercaja has explained to the supervisor that the operation has been developed within the framework of a competitive process “among first-rate investors”.

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