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3 months ago
BRIEF-Banca Carige to securitise bad loans portfolio worth 950 mln euros
April 28, 2017 / 5:16 PM / 3 months ago

BRIEF-Banca Carige to securitise bad loans portfolio worth 950 mln euros

1 Min Read

April 28 (Reuters) - Italian lender Banca Carige says:

* Board has approved the sale of a portfolio of bad loans worth 950 million euros by June

* Bad loan portfolio to be sold to a securitisation vehicle

* It will tap state guarantee scheme to securitise the loans

* To pick advisers for the transaction soon Further company coverage: (Reporting by Milan newsroom)

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