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NPL: Mps restarts with the Merlino portfolio worth 2.5 billion

05 Sepetember, Soldi Online

Il Sole 24 Ore offers an update on the Italian NPL market which seems to get ready for a busy autumn. In the next months, some operations which were launched during the summer will go live.

Monte dei Paschi di Siena has resumed its activities. According to Il Sole 24 Ore, the bank has sent a teaser regarding the so-called Merlino project concerning the “transfer of approximately 2.5 billion of unsecured non-performing loans”.

Besides, also the operations started by Banco Bpm has come to a crucial phase, according to the financial newspaper. “The amount of the bad loan portfolio might vary, depending on whether the bank decides to sell 3.5 billion or up to 8-9 billion, platform included”.

Finally, the UTP (unlikely to pay) market is also very dynamic.

Source: Soldi Online

Translator: Cristina Ambrosi