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(Visited 74 times, 1 visits today)
  • Transaction / Assets
    NPL portfolio
  • Seller
    Banca Popolare di Puglia e Basilicata
  • Buyer
  • € MM

Illimity acquired an NPL portfolio for 347 million from Pop Puglia-Basilicata

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.

Source: Reuters

Translator: Cristina Ambrosi

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