(Visited 122 times, 1 visits today)
(Visited 122 times, 1 visits today)
  • Transaction / Assets
    NPL portfolio
  • Seller
  • Buyer
    Credito Fondiario
  • € MM

Creval sold to Credito Fondiario and NPL portfolio for 222 million

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.

Source: Teleborsa

Translator: Cristina Ambrosi

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