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Banca Popolare di Sondrio sold NPLs for one billion euro

26 August, Bebeez

Banca Popolare di Sondrio sold an NPL portfolio for the value of one billion euro. The bank’s objective is to reduce its Npe ratio up to 8% by 2022.

Meanwhile, the bank completed together with Bper the acquisition of Arca Holding shares, reaching a 36.83% quota in the capital. Popolare di Sondrio also sold Tier 2 subordinate loans for 200 million euro to institutional investors.

Source: Bebeez

Translator: Cristina Ambrosi