Banco Popular Portugal has sold off its real estate management unit Primestar SA. Through this move, the bank managed to improve the results of last year in the Portuguese market. The net income of Banco Popular Portugal rose from €2.3m in 2014 to €13.3m in 2015. Primestar had been responsible for the management of real estate assets to its customers with real estate exposure. A 20 percent shareholding in the company was held by the Spanish Popular Bank.
