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Intesa Sanpaolo exploring possible NPL disposal for 5-6 bln €

09 February, Bebeez

Reuters reports that Intesa Sanpaolo is currently exploring the possibility of disposing non-performing loans between 5 and 6 billion €. Consistent with the bank’s de-risking process, the gross NPLs at the end of 2020 declined to 24.6 billion €, reporting a 5.9% NPE ratio, allowing Intesa Sanpaolo to exceed its objectives set in its 2018-2021 plan.

Source: Bebeez

Translator: Cristina Ambrosi