The Mps derisking process continues. Banca Monte dei Paschi di Siena has in fact just concluded further 4 transactions for the sale of non-performing loans, for a value of approximately 340 million euros. The deals concluded, informs a note released by the Sienese bank, concern the sale of mixed secured and unsecured non-performing loans for a total of 137 million and three operations on unlikely to pay loans mainly secured, for 202 million, on portfolios of Banca Mps and Mps Capital Services.
The agreements, the press release continues, add up to those recently made with Illimity Bank (July 31) and with an affiliate of Cerberus Capital Management LP (August 1) and total non-performing exposures transferred to almost 1,5 billion euro from the bank in the last two weeks. The conclusion of these agreements, Mps underlines, represents a further significant step forward in the derisking acceleration process envisaged by the 2017-2021 Restructuring Plan and in compliance with the commitments made with the European Commission.
In the session of Tuesday 13 August, at the end of the morning, Mps shares gained around 1,2%., at 1,2 euros per share, in contrast to the performance of the stock market, which is still in negative territory following the political tensions of recent days.
