Carige sells non-performing loan portfolio

By Sam Kerr
06 Dec 2017

Banca Carige, the Genoese bank going through a lengthy restructuring process, moved a step further towards its de-risking target this week by selling a €1.2bn portfolio of non-performing loans.

The bank said on Wednesday that it had sold the NPLs to Credito Fondiario, a Rome-based NPL specialist controlled by Tages Holding. The portfolio, consisting of mortgage and consumer loans, was sold for €265.7m, approximately 22.1% of the €1.2bn gross book value as of March. 

Carige said ...

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