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Mps selling NPLs for 3.3 billion
09 November, Yahoo Finanza
Mps is currently in the process of selling NPLs for 33 billion euro by the end of 2018, as the Ceo Marco Morelli announced during the conference call with the analysts to discuss the performance of the first nine months of the year. He added: “we’re about to receive the binding offers in the upcoming weeks”.
The operation concerns a portfolio 2.2-billion-euro worth of unsecured loans, while 200 million euro are originated by consumer credit and a third part amounting to 900 million euro comes from leasing (600 million backed by real estate and 300 million concerning the leasing of machinery).
Source: Yahoo Finanza
Translator: Cristina Ambrosi