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BPER Banca's debt collection unit drawing interest from buyers, says CEO

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BPER Banca's debt collection unit drawing interest from buyers, says CEO

BPER Banca SpA CEO Alessandro Vandelli said the Italian lender is being courted by some investors over a potential sale of its debt collection unit, Reuters reported.

Vandelli, however, said the bank wants to keep the unit even if it faces "enormous pressure" to speed up the reduction of its bad loans, according to the report.

"Let's hope we can stand the pressure," Vandelli reportedly said.

In May, the Italian group announced plans to sell a nonperforming loan portfolio of about €6.4 billion to speed up the process of improving its asset quality in line with a strategic plan announced in November 2017.