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Real Estate Briefing - Categorized | Finance, Market Moves more

Banco Espirito Santos creates unit to sell real estate assets

Posted on 14 November 2012

Banco Espirito Santo SA (BES), Portugal’s biggest bank by market value, created a unit to sell real estate assets that were repossessed from its clients, Chief Executive Officer Ricardo Salgado said.
“We have many real estate assets,” Salgado told reporters in Lisbon today. “But if we have many real estate assets that is because we managed to recover credit faster than our competitors.”……………………………………….Full Article: Source


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