08 May, Teleborsa
Creval and Credito Fondiario reached an agreement concerning the transfer of a secured non-performing loan portfolio of a gross book value of 222 million euro. The portfolio includes loans for real estate leasing for a GBV of over 56 million euro at a price close to 41% of the GBV.
The portfolio is mainly composed of credits towards real estate companies classified as unlikely to pay and bad loans.
Translator: Cristina Ambrosi