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Banco Bpm will decide before summer about its NPL platform
27 June, Reuters
The Banco Bpm Ceo Giuseppe Castagna repeated that the bank would decide before the summer break whether or not it will sell its internal NPL management platform. The sale will be a viable solution only if there are offers for most of the bad loan stock.
“Hopefully, we’ll be able to let you know before the holidays whether the platform will be sold together with NPL for 3.5 billion”, replied Castagna to the press during the Mediobanca Ceo Conference.
“If the NPL are only 3.5 billion, it’s very likely that the platform won’t be sold. We’ll think about it if we receive more interesting offers for our stock.”
Source: Reuters
Translator: Cristina Ambrosi