Santander Says Capital Gain Unlikely From Popular Assets

The video discusses the sale of real estate assets acquired from Banco Popular, detailing the current stage of the sale and the strategies being considered. The central scenario involves managing the portfolio internally while exploring alternatives for a quick sale to private equity firms. The likelihood of capital gains is low due to the need for provisions in a quick sale. Interest from private equity is high, but no concrete offers have been received yet. The video highlights the positive market cycle in Spain and the growing interest from foreign investors.

What is the primary strategy for managing Banco Popular's real estate assets?

• Holding indefinitely for future gains

• Leasing the properties

• Internal management and gradual reduction

• Immediate sale to multiple buyers

Why is it unlikely to make a capital gain from selling the real estate assets quickly?

• The assets are undervalued

• There are no interested buyers

• Higher provisions are needed for a quick sale

• The market is currently in a downturn

What is the expected impact on risk if the real estate assets are sold quickly?

• Reduced risk with faster exposure decrease

• No change in risk levels

• Increased risk due to rapid sale

• Risk levels will fluctuate unpredictably

What has been the trend in Spanish real estate prices in recent years?

• Prices have been volatile

• Prices have been increasing

• Prices have remained stable

• Prices have been decreasing

What is the current status of offers from private equity bidders?

• Negotiations have been completed

• Several concrete offers have been received

• No concrete offers have been received yet

• All offers have been rejected