Iccrea Banca’s NPL offers Mutual benefits
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Iccrea Banca’s NPL offers Mutual benefits

Italy

Iccrea Banca, the banking group owned by Italian mutual banks, announced the completion of a €1bn NPL securitization transaction on Tuesday, pooling loans from multiple originators, with an application now pending for a state guarantee (GACS) for the senior tranche rated Baa3/BBB- by Moody’s and Scope Ratings, respectively.

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