Business · Companies · 3 hrs ago
Santander and BNP Paribas mortgage firm UCI lost €74.5 million in 2025
UCI lost €74.5 million in 2025, more than the roughly €70 million it lost the year before.
The Spanish mortgage finance company is owned equally by Santander and BNP Paribas and also finances building renovation.
UCI has been working to strengthen its finances by managing unproductive assets and simplifying its structure, while its two owners have provided capital.
In 2025, it transferred troubled loans that cut its overdue loan portfolio by €148.6 million, but the operation led to a €40.4 million loss.
It also sold its Greek loan portfolio for €134.7 million, receiving €95.3 million and recording a €30.4 million loss.
Its total portfolio fell to €8.183 billion by the end of 2025, and UCI has not given a date for when it expects to become profitable.
UCI, the mortgage finance subsidiary jointly owned by Santander and BNP Paribas, lost €74.5 million in 2025.
Its losses increased from about €70 million in 2024, according to its annual accounts.
The company recorded losses of €49.4 million in Spain and €23 million in Portugal.
UCI said recent years had involved a major transformation, including managing non-performing assets and strengthening its financial position.
After transferring its Greek business, UCI’s total loan portfolio stood at €8.183 billion at the end of 2025.
- Who
- Unión de Créditos Inmobiliarios (UCI), owned equally by Santander and BNP Paribas.
- What
- UCI reported a net loss of €74.5 million in 2025.
- When
- The loss was for 2025; the company’s annual accounts report the result.
- Where
- UCI’s losses included €49.4 million from its Spanish business and €23 million from its Portuguese business.
- Why
- Not stated
This story does not have two clearly opposing sides.
UCI carried out similar operations to clean up its balance sheet.
UCI sold a Greek loan portfolio for €134.7 million, including €30 million in non-performing loans.
After the transfer of its Greek business, UCI’s total portfolio stood at €8.183 billion, down €749 million from the end of 2024.
UCI recorded a net loss of €74.5 million.
- 2025 net loss
- €74.5 million
- 2024 net loss
- About €70 million
- Spanish business loss
- €49.4 million
- Portuguese business loss
- €23 million
- Portfolio at end of 2025
- €8.183 billion
- Greek portfolio sale
- €134.7 million
What people are saying
Beyond a specific date or financial year, it is important to understand that recent years have been marked by an extraordinary process of transformation for the group, which has included managing non-performing assets, simplifying structures and strengthening the company’s financial position.
The securitisation activity reflects UCI’s ability to access financing markets on a recurring basis and its recognition as a specialised issuer.