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Over 100 candidates for the Carige UTPs

16 April, Milano Finanza

There are more than 100 Italian and international candidates present in the data toom and interested in the 500 million euro (gross amount) unlikely to pay put on the market by Banca Carige.  At the end of March, the Carige Board of Directors launched its Npe management strategy with the objective of significantly reducing the NPL stock by 2020. More in detail, the bank from Genoa has decided to transfer an additional portfolio of impaired loans amounting up to 1 billion, along with the already planned transfer of UTPs for a gross value around 500 million. In addition, another UTP portfolio for 200 million will be transferred in 2019.

Source: Milano Finanza

Translator: Cristina Ambrosi

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