March 12, 2020 / 3:56 PM / 22 days ago

BRIEF-Creval Signs Deal For Sale Of Further EUR 177 Mln Of Secured Bad Loans

March 12 (Reuters) - Banca Piccolo Credito Valtellinese SpA:

* SIGNS DEAL FOR SALE OF FURTHER EUR 177 MILLION OF SECURED BAD LOANS

* PORTFOLIO COMPRISES ABOUT 1,600 LOANS BACKED BY REAL ESTATE GUARANTEES AND MOSTLY FOR CORPORATE CLIENTS

* DEAL HAS NO IMPACT ON PROFIT&LOSS

* DEAL COULD BE FOLLOWED BY FURTHER OPPORTUNITIES FOR COLLABORATION WITH AMCO Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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