Asset Publisher
Bad loans securitization SPRING
Price sensitive
Sale of a portfolio of bad loans, called "SPRING", for a gross book value of € 1.2 billion through a securitisation for which the Italian State guarantee will be requested on the senior tranche of the notes ("GACS")
Substantial de-risking of the BPER Group continues successfully, with a gross stock of bad loans returned to pre-crisis levels, so down by about 70% in the last four years
Pro-forma gross NPE ratio based on March 2020 figures expected to drop significantly to 9.3%