UCI, BNP-Santander JV, Posts €74M Loss on Distressed Asset Sales

Unión de Créditos Inmobiliarios (UCI), the mortgage JV of BNP Paribas and Santander, reported a €74M loss for 2025 after selling packages of non-performing and doubtful assets. The loss reflects accelerated deleveraging and asset-quality deterioration in Spanish real estate exposure, though the scale is modest relative to parent banks' capital.

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