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Cassa Centrale to transfer NPLs for 500 million by the end of the year

 

Cassa Centrale Banca is planning to complete by the end of the year the transfer of the 500 million NPL portfolio.

It was announced by the General Director Mario Sartori which is intending to sign the closing in the next months.

“We’re currently in the process to receive the offers – he stated – and we have received 5-7 of them from national and international players so far. We’ve been working on NPL transfers for years, both direct and through securitisation. This is our seventh operation, for a total credit limit of about 2 billion”.

 

Source: http://www.monitorisparmio.it/cassa-centrale-entro-fine-anno-cessione-npl-per-500-mln_20179211446

Translator: Cristina Ambrosi

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