20 January, Citywire
“We’re interested in managing the stock of bad loans of Banca Popolare di Vincenza and Veneto Banca that will be transferred to Sga”.
This is the statement from Enrico Marchi, president for Banca Finint, after the Elite Basket Bond, the obligation allocation of selected Italian companies by the bank.
Concerning the transfer of the NPLs of the two banks, “the decree will be issued by the Government by the end of January, we will proceed then selecting the servicers”, he adds.
“We are also working on UTPs, the unlikely to pay, that I believe are the real thermometer of the situation. We’re assessing the matter with the object of preserving the economic structure of Veneto”.