Asset Transformation
Asset Transformation is responsible for managing non-standard risks and real estate exposures on a Group-wide basis and for planning and implementing strategy for shareholdings in the industrial and real estate sectors, including Solvia.
A substantial reduction in problematic assets. The reduction in non-performing loans is accelerating while assets on the balance sheet are improving.
Reduction in balance of doubtful assets
(Dec. 2013 – Dec. 2015)
5,500M€ -22.4%
(Dec. 2013 – Dec. 2015)
5,500M€ -22.4%
Reduction of problem assets
(Dec. 2013 – Dec. 2015)
4,500M€ -12.8%
(Dec. 2013 – Dec. 2015)
4,500M€ -12.8%
Sale of real estate assets
16% more than in the previous year and with lower discounts
1,902units
16% more than in the previous year and with lower discounts
1,902units
Investors’ interest in the Spanish real estate market is reflected in lower discounts.
The volume of doubtful assets is falling faster than expected (resulting in an increase in our guidance for 2016).