23 October, Trend Online
According to the Equita SM analysts, the transfer of non-performing loans by Banco di Sardegna could be preparatory for the merger with its parent company
Bper Banca registered today a good performance, the best in its sector. The stocks closed with trades at 4,316 euro, an advantage of 1.46% and over 5 million traded stocks, aligned basically with the daily average of the last three months.
Banco di Sardegna, 51% controlled by Bper Banca, stated its intention to proceed with the transfer of most of its non-performing loans through Gacs.
The deal is included in its de-risking strategy for the maxi provision of 1 billion euro by the end of the year.
According to the Equita SM analysts, the transfer of non-performing loans by Banco di Sardegna could be preparatory to the merger with its parent company, an operation that could release capital at a corporate level and several tens of million euro cost synergies.
Source: Trend Online
Translator: Cristina Ambrosi