Portugal 
Spain 
Greece 
Medium-sized banks selling NPLs for over one billion
05 November, Il Sole 24 Ore
Several Italian medium- and small-sized banks launched the sale of their bad loan portfolios. The banks concerned were Banca Popolare del Lazio, Gruppo Cassa di Ravenna, Banca Popolare Puglia e Basilicata, Popolare di Bari, and Cassa di Risparmio di Orvieto. The banks transferred to the vehicle Pop Npls 2018 NPLs for over 1 billion euro for their securitisation. The operation involved 16 Italian banks in total.
More in detail, Popolare di Bari and Cassa di Risparmio di Orvieto transferred two NPL portfolios for a value respectively of 652.1 and 76.3 million euro, amounting in total to 728.4 million euro. Banca Popolare del Lazio sold a similar portfolio at the end of October for a total amount of 120.5 million euro. Banca Popolare di Puglia e Basilicata completed its NPL reduction process amounting to 140 million. The banks of the group La Cassa di Ravenna also took part in the operation: La Cassa di Ravenna, Banca di Imola and Banco di Lucca e del Tirreno. The banks transferred three bad loan portfolios valued respectively, 35.5, 19.5 and 3.8 million euro, for a total amount of 58.8 million euro.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi