MADRID, June 23 (Reuters) - U.S. fund Blackstone is considering selling an unsecured loan portfolio with a face value of 2 billion euros ($2.2 billion), two sources with knowledge of the process said on Friday.
Most of the loans are part of a property portfolio worth 10 billion euros sold by Santander to Blackstone, following the rescue of Banco Popular in 2017.
The deal then involved the creation of a new company 51% owned by Blackstone, while Santander took the remainder.
Blackstone and Santander declined to comment.
Newspaper Cinco Dias, which first reported the news on Friday, did not mention the price or potential discount on the sale of the unsecured portfolio.
Spanish banks were very active in shedding real estate assets that lost value during the economic slump that followed the 2007 bursting of Spain's real estate bubble.
Non-performing loans at Spanish banks stood near record lows of 3.51% in March, far below the all-time high of 13.6% in December 2013.
($1 = 0.9153 euros) (Reporting by Jesús Aguado; editing by Inti Landauro and Jason Neely)
