March 13, 2018 / 5:46 PM / 5 months ago

BRIEF-Banca IFIS States Zero Impact From New Regulation on NPLs

March 13 (Reuters) - Banca IFIS Spa:

* SAYS THE NEW RULES RELATING TO THE TREATMENT AND THE PROVISIONS ON DETERIORATED ASSETS WILL ONLY APPLY TO NEW LOANS DISBURSED STARTING FROM MARCH 14, 2018

* NONE OF LOANS THAT BELONG TO THE NPL PORTFOLIO OWNED BY BANCA IFIS WERE DISBURSED AFTER MARCH 14, 2018

* SAYS IN NO WAY THE NEW REGULATION AFFECTS THE OPERATIONS OF ITS NPL AREA Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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