Intesa cuts NPL ratio to 0.6% with Eu2bn sale to Merrill/Fortress

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Intesa cuts NPL ratio to 0.6% with Eu2bn sale to Merrill/Fortress

June 03, 2005 12:00 am

Italy's Banca Intesa has sold more than 70% of its non-performing loans to a consortium of Merrill Lynch and Fortress Investment Group, for Eu2bn.

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