Last updated: March 28, 2019
Data collected from Sareb | Financial info from 2017

We received some 200,000 assets valued at €50,781 million, of which 80% were developer loans and 20% real estate assets.

Our company was founded in November 2012 to help clean up the Spanish financial sector and, in particular, the banks that became financially distressed as a result of their excessive exposure to the real estate sector.

The Memorandum of Understanding (MoU) signed by the Spanish Government in July 2012 with its European partners established the creation of Sareb as one of the conditions for receiving financial aid. The agreement stipulated that a company had to be created to manage the real estate assets transferred from the distressed banks, in order to reduce their risk levels and carry out an orderly divestment of the distressed assets.

We received some 200,000 assets valued at €50,781 million, of which 80% were developer loans and 20% real estate assets. The majority of our share capital is privately owned (55%), while 45% is in the hands of the FROB - Fondo de Reestructuración Ordenada Bancaria (Fund for Orderly Bank Restructuring).

Player Type
Assets Managers
Last Quotation
Ebitda
6.946.000€
Main Listed Market
Number of Shares Issued
Free Float
%
Number of assets
200.000
Legal Domicile
Spain
Jaime Echegoyen Enríquez de la Orden

Jaime Echegoyen Enríquez de la Orden

President; Emerald Creek Group, LLC

Juan Ignacio Ruiz de Alda

Juan Ignacio Ruiz de Alda

Propietary Director

Eduardo Aguilar Fernández-Hontoria

Eduardo Aguilar Fernández-Hontoria

Propietary Director

Antonio Cayuela Gil

Antonio Cayuela Gil

Propietary Director

Jaime Rodríguez Andrade

Jaime Rodríguez Andrade

Propietary Director

Francisca Ortega Hernández-Agero

Francisca Ortega Hernández-Agero

Propietary Director

Enric Rovira Masachs

Enric Rovira Masachs

Propietary Director

Jorge Mondéjar López

Jorge Mondéjar López

Propietary Director

Javier García-Carranza Benjumea

Javier García-Carranza Benjumea

Propietary Director

Francisco Javier Bartolomé Delicado

Francisco Javier Bartolomé Delicado

Independent Director

Iñaki Goicoetxeta González

Iñaki Goicoetxeta González

Independent Director

Pedro Antonio Merino García

Pedro Antonio Merino García

Independent Director

José Poveda Díaz

José Poveda Díaz

Independent Director

Isidoro Lora-Tamayo Rodriguez

Isidoro Lora-Tamayo Rodriguez

Independent Director

Marisa García Camarero

Marisa García Camarero

Secretary of the Board

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