(Visited 44 times, 1 visits today)
(Visited 44 times, 1 visits today)
  • Transaction / Assets
    NPL portfolio
  • Seller
    Banco Bpm
  • Buyer
    Fonspa
  • € MM
    1500

Banco Bpm to dispose of NPLs for 1.5 bln €

25 May, Finanza Report

Banco Bpm is about to approve the transfer through securitisation of NPLs amounting to 1,5 billion € to Fonspa (Credito Fondiario). The operation will be closed at 30% of the book value. The public guarantee might be granted for the senior tranche.

The transaction will allow the bank to reduce its non-performing loans from 8.7 billion € adjusted to 7.2 billion, decreasing the gross Npe ratio from 7.5% to 6.3% adjusted. This reduction will be likely to make Banco Bpm more appealing in view of a possible merger.

Source: Finanza Report

Translator: Cristina Ambrosi

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