Regulatory Alerts2025-02-13
Added · Updated
Clarification Note on the Purchase of Non-Financial NPLs by NPL Managers
The note clarifies that NPL managers registered under Article 114.5 of the Banking Consolidation Law may purchase non-financial distressed credits from entities other than banks and authorized financial intermediaries, provided the conditions of Ministerial Decree No. 53 of April 2, 2015, are met. This activity is permitted subject to a subordination limit where the gross book value of credits purchased for own account must remain below 50% of the total gross book value of all managed distressed credits, including those acquired from banks and other authorized intermediaries.