Servdebt, has bolstered its non-performing loan (NPL) portfolio with the acquisition of €80 million in bad debt from Abanca. This strategic move reinforces Servdebt's position as a key player in the Portuguese NPL market.

This acquisition comes amid a growing trend of Portuguese banks offloading NPLs to specialized debt management companies. As Portugal's economy continues to recover, we believe this activity plays an important role in supporting the health of the Portuguese financial ecosystem.

Read the full article in Portuguese here.

Source: Jornal Económico