Reuters logo
Creval finalised planned sale of 1.4 bln euros in bad loans - source
July 12, 2017 / 10:56 AM / 4 months ago

Creval finalised planned sale of 1.4 bln euros in bad loans - source

MILAN, July 12 (Reuters) - Italian regional lender Credito Valtellinese has finalised a sale of a 1.4 billion euro ($1.6 billion) bad loan portfolio and could announce it shortly, a source close to the matter said on Wednesday.

Creval Director General Mauro Selvetti said in May he expected the bank to close the sale of a 1.5 billion euros in gross bad loans in the first half of the year.

$1 = 0.8731 euros Editing by Paola Arosio

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below