Asset Transformation
This unit manages the Group's non-performing and real estate exposure across all its businesses, and sets and implements the strategy with regard to real estate investees, including Solvia.
The pace of shedding problem assets was maintained, supported by the first year-on-year decline in the volume of foreclosed assets.
Comparison of reduction in NPL ratio, excl. TSB
Basis points
Basis points
Note: Information from Spanish banks’ earnings reports between December 2013 and December 2016.
Comparison of reduction in problem asset
exposure, excl. TSB
%
%
The recovery in the Spanish real estate market resulted in a strong improvement in Solvia's property sales.