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Credito Valtelliense sells NPL portfolio worth €106 mln

Posted: 10 October 2016

Credito Valtellinese has sold to Credito Fondiario a non-performing loan portfolio for a gross value of €106 mln at a price of around 41%.

The transferred portfolio is mainly made up of non-performing loan agreements secured to real estate companies. The economic effects of the operation will be represented in the third quarter accounts.

Credito Valtellinese is pending to close a further assignment of a portfolio of “unlike to pay” loans for about €180 mln.