(AGI) – It promises to be a Monday profitable for actions Monte dei Paschi di Siena.
The Sienese bank is in fact shining on the Milan Stock Exchange after announcing the sale without recourse and en bloc of a portfolio of non-performing loans to SPV Epicurus, securitization vehicle funded by companies related to Deutsche Bank. The portfolio in question is composed of about 18,000 positions for a gross book value of around 1 billion Euros (about 1.7 billion, including the default interest and / or other charges that are transferred along with the capital). Non-performing loans are sold mainly unsecured, related to corporate counterparties and for the vast majority entered suffering before 2009, says the Institute, adding that this is consistent with the Business Plan 2015-2018, which includes a multi-annual program structured sale totaling about 5.5 billion non-performing loans, of which about 2 billion euro already in 2015. In June MPS had carried out a similar, again for about 1 billion euro .. The sale, has finally clarified Rocca Salimbeni, ?? will also allow greater management focus on exposures of most significant amount and with less seniority ?? although the impact on the income statement and on the capital ratios of the bank is not significant.
Monday, December 28, 2015, 09:31 – Last Updated: 09:31
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