Luís Salvaterra of debt collecting agency Intrum Portugal has warned that companies who request credit lines through the pandemic will end up going bust.
“There will be a lot of non-compliance and banks will demand guarantees”, he told Dinheiro Vivo this week. “We’re in for a very complicated time”.
The banking moratoria will stave off problems this year, he said, but next year will bring issues home to roost.
“NPL will increase for sure”, he forecasts.