AMCO SIGNED A CONTRACT WITH ICCREA BCC GROUP FOR THE PURCHASE OF €390 MILLION NPEs

Milan, 7 February 2023. AMCO informs that it has reached a contract with 78 banks belonging to Iccrea BCC Group to purchase €390 million (gross book value) of loans, of which 33% Unlikely to Pay (UTP) and 67% Non-Performing Loans (NPL). The portfolio is mainly comprised of corporate loans related to SMEs.

The transaction is the result of a competitive process involving several market players and is part of a wider derisking project of Iccrea BCC Group.

The deal is expected to be finalised in the first quarter of 2023.

0207-7 feb_AMCO signed contract with Iccrea BCC Group Download