BR100 Increased By (1.9%)
BR30 Increased By (1.3%)
KSE100 Increased By (1.66%)
KSE30 Increased By (1.87%)
AGHA 7.46 Increased By ▲ 0.01 (0.13%)
BECO 5.27 Increased By ▲ 0.03 (0.57%)
BML 57.26 Increased By ▲ 0.52 (0.92%)
BOP 34.75 Increased By ▲ 1.05 (3.12%)
CNERGY 11.06 Increased By ▲ 0.05 (0.45%)
CSIL 5.83 Decreased By ▼ -0.03 (-0.51%)
FCCL 56.42 Increased By ▲ 1.28 (2.32%)
FFL 16.41 Increased By ▲ 0.31 (1.93%)
FNEL 1.20 No Change ▼ 0.00 (0%)
KEL 7.32 Increased By ▲ 0.06 (0.83%)
KOSM 6.15 Increased By ▲ 0.14 (2.33%)
LOTCHEM 27.12 Increased By ▲ 0.21 (0.78%)
MLCF 97.94 Increased By ▲ 2.01 (2.1%)
NBP 206.88 Increased By ▲ 3.60 (1.77%)
NCPL 56.42 Increased By ▲ 0.69 (1.24%)
NPL 65.77 Increased By ▲ 0.72 (1.11%)
OGDC 316.30 Increased By ▲ 2.19 (0.7%)
PACE 10.87 Increased By ▲ 0.38 (3.62%)
PAEL 42.30 Increased By ▲ 0.38 (0.91%)
PIBTL 16.78 Increased By ▲ 0.04 (0.24%)
PPL 220.69 Increased By ▲ 2.97 (1.36%)
PRL 63.65 Increased By ▲ 0.95 (1.52%)
PTC 71.82 Increased By ▲ 0.36 (0.5%)
SSGC 27.08 Increased By ▲ 0.34 (1.27%)
TBL 9.72 Increased By ▲ 0.06 (0.62%)
TELE 8.73 Increased By ▲ 0.25 (2.95%)
TPL 19.40 Decreased By ▼ -0.58 (-2.9%)
TPLP 14.78 Decreased By ▼ -0.16 (-1.07%)
TREET 23.40 Increased By ▲ 0.33 (1.43%)
TRG 61.41 Increased By ▲ 0.74 (1.22%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Business & Finance

Italy's Banco BPM sells unsecured bad loans worth 1.8bn euros

Published Updated
Save
1 min
Comments
By Shoaib Ur RehmanReuters
Add BRecorder as a trusted
source on Google
Google Preferred Source

MILAN: Italian lender Banco BPM said on Tuesday its board had approved the sale of two without-recourse, unsecured bad loan portfolios:

Gross value of the two portfolios is about 1.8 billion euros best offer for a portfolio denominated large with a gross book value of more than 1 billion euros was submitted by Italian investment company J Invest.

Leading NPL investor Hoist Finance was awarded the mid-portfolio of less than 1 billion euros the sales will be finalised by December 31, 2017.

Once completed total bad loan disposals since 2016 will be more than 4.5 billion euros, exceeding the targets of the bank's 2016-2019 plan.

 

Copyright Reuters, 2017
 

 

Comments

Comments are closed for this article.

More Stories

Browse all stories