Monte dei Paschi offloads another €455m of NPLs to Cerberus
Monte dei Paschi di Siena (MPS) continues to shed its non-performing exposures, selling a €455m portfolio to Cerberus on Wednesday following the sale of €690m to Illimity on Tuesday.
The bank has sold approximately €1.15bn in the space of a few days. The loans sold were primarily classified as unlikely-to-pay exposures, an emerging sub-asset class of the non-performing loans sector.“The successful completion of these transactions represents a further and significant step forward in the ...
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