19 November, Reuters
Illimity, a Spaxs subsidiary, acquired a non-performing loan portfolio for a nominal value of 347 million.
The portfolio was acquired from Banca Popolare di Puglia e Basilicata, and it’s composed for over 80% of the nominal value by unsecured corporate holdings, each amounting on average to 100,000 euro, as the memo reads.
With this operation, the bank has reached total NPLs for 765 million.
Translator: Cristina Ambrosi