(ANSA) – ROME, JAN 10 – The cooperative banks launch the second tranche, worth 60 million euros, of the NPL and UTP credit transfer operation through the vehicle Luigi Luzzatti SCpA – a consortium company that groups together 19 territorial cooperative banks, largely less significant part. As stated in a note, after the first tranche of 30 million closed at the end of the year, this January the start of the collection phase of the expressions of interest binding for the second tranche of the transaction, concerning a portfolio of Npe already selected with some banks for a total Gross Book Value of around 60 million, with the aim of continuing with the targeted derisking of Npe of the Luzzatti shareholder banks. The transaction was carried out through a dedicated beauty contest aimed at institutional investors, promoted by the consortium with the support of the financial arranger Intesa Sanpaolo – IMI Corporate & Investment Banking Division.
The direct sale on the market of single name secured alongside the other multioriginator solutions developed by Luzzatti to support the proactive management and derisking of the various types of impaired loans of the shareholder banks, which made it possible to obtain derisking of almost 1 billion by the end of 2021 of non-performing exposure and which will be further expanded in 2022 according to the Luzzati 2022 Plan being defined with the Shareholder Banks. (HANDLE).
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Source From: Ansa
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