Financial

A further 4 transactions have been completed, taking the total of Non-Performing Exposures (NPEs) sold in the last two weeks to almost Euro 1.5 billion

Banca Monte dei Paschi di Siena is continuing its derisking process, completing a further 4 transactions for the sale of non-performing loans for approximately Euro 340 million. The transactions are in addition to those recently finalised with Illimity Bank (31 July) and with a subsidiary of Cerberus Capital Management L.P. (1 August) and brings the total of non-performing exposures (NPEs) sold by the bank in the last two weeks to almost Euro 1.5 billion.

The deals in question involve the sale of a mix of secured and unsecured bad loans for a total of Euro 137 million as well as three transactions in mainly secured Unlikely-to-Pay exposures in the Banca Mps and Mps Capital Services portfolios, in the amount of Euro 202 million.

The successful completion of these transactions represents a further and significant step forward in accelerating the derisking process envisaged by the 2017-2021 Restructuring Plan and complying with the commitments undertaken with the European Commission.

 

Per ulteriori informazioni:

Media Relations
Tel: +39 0577 296634
ufficio.stampa@mps.it

 

Investor Relations
Tel: +39 0577 293038
investor.relations@mps.it

Contacts

Relazioni con i media

Media Relations

Ph: +39 0577 296634
Email: ufficio.stampa@mps.it

Investor Relations

Ph: +39 0577 299350
Email: investor.relations@mps.it

Last modified: 13/08/2019