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Creval sells a 220 million Npl portfolio

Posted: 9 October 2018

Creval announces that it has completed the derisking plan for 2018 with the transfer to Credito Fondiario of the portfolio consisting of non-performing loans for a gross value of approximately 220 million.

With the completion of the sale of the GIMLI 2 portfolio, the de-risking plan for 2018 – which involved the sale of impaired loans for a gross value of over 2 billion euro – is completed in line with the timing and objectives of the business plan 2018-2020.