According to Miguel Maya, these non-performing loans sales are part of the bank's strategy, of the normal process of reducing the bank's non-performing exposures (NPE).

The manager did not want to say the amountthat the bank foresees to sell, mentioning that it only talks with closed operations.

"We talk about operations when we close operations. In each quarter we say the amount and we present to the market," he said.

In September, the bank had €4.6 billion in NPEs, which includes mainly non-performing loans, €1.7 billion less than in September 2018.

In the operation in Portugal, the NPEs were €3.7 billion in September, €1.9 billion less than a year ago. Since September 2018, BCP has already sold €700 million in credit in Portugal.