Banco Bpm has finalized the sale without recourse of a portfolio of 641 million unsecured non-performing loans to Marte Spv, a vehicle owned by Hoist Finance. The sale brings the total sales carried out since the beginning of 1,7 to 2016 billion. The bank's industrial plan provides for the sale of 8 billion bad loans.
The transferred portfolio includes approximately 1.800 positions. The transaction, which will not have a negative impact on the income statement, was handled for Bpm by Kpmg and the Bonelli Erede studio, while Hoist was assisted by PwC Advisory and the Rcc law firm.
