On the 25^th of November, the NPL Iberia conference, hosted by SmithNovak, took place, in Madrid, and Servdebt was present as Sponsor and with a Speaker.

“With NPL stocks set to grow significantly in Spain and Portugal (…)”, this conference reunited 35 panellists, at the Hotel Princesa Plaza, to discuss the new market activity that is now expected.


Bruno Carneiro, our Chief Executive Officer, was a speaker at the panel focused on the Portuguese Market, which sought to answer the following questions:

• Moody’s has stated that loans on the books of EU banks that remain under long-running moratoria are more likely to underperform, with credit quality particularly uncertain in Cyprus, Italy, Portugal, and Hungary. How will Portugal exit moratoria without seeing a significant spike in NPLs?
• Small and medium-sized enterprises make up more than 20% of loans under moratoria. What particular recovery problems do this present?
• Portugal is the fourth most-dependent country on the tourism sector in the Eurozone - will the market bounce back during the summer 2021 and if not, will we see a tsunami of insolvencies across the hospitality sector?
• How is the Portuguese distressed Commercial Real Estate market evolving? Where are these opportunities for investors? How has the value of AUM of major Funds developed through the pandemic?