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Post by account_disabled on Dec 28, 2023 3:59:48 GMT -5
A government rescue plan. In fact, the banks were not born to take charge of such a magnitude of real estate assets and this policy was taking its toll on them. In this sense, the Sociedad de Activos Procedentes de la RestructuraciĆ³n Bancaria (SAREB), also popularly known as a bad bank, was created. The scenario illuminated by this situation has been taken advantage. Of during the years of crisis by opportunistic funds, especially North Americans (such as Cerberus, which was even interested in acquiring the Valencia Football Club) and the remains of previous real estate Country Email List emporiums. In the new context of the budding recovery, the protagonists also come from abroad (service platforms or managers of financial institutions, acquired by foreign investors. But a limited group of developer companies and asset management companies also enter the scene. His bankruptcy comes to reduce, logically, the extraordinarily high profit margins enjoyed by the investment vulture funds during the hardest years of the structural crisis. Real estate assets had become part of the banks' balance sheets. Their management companies, expressly created by credit institutions.
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