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