trending Market Intelligence /marketintelligence/en/news-insights/trending/uwTxUyooWN2EAdAhcWhO_g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Report: Italian treasury in talks to buy €3.7B of bad loans from Carige

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Report: Italian treasury in talks to buy €3.7B of bad loans from Carige

The Italian treasury's bad bank is in discussions to buy roughly €3.7 billion of bad loans from Banca Carige SpA to help clear its balance sheet and make the struggling lender more appealing as a target for a merger, Reuters reported, citing Il Messaggero.

Il Messaggero said the bad loans were made up of approximately €2 billion of unlikely-to-pay loans and €1.7 billion of nonperforming loans.

Carige is reportedly considering using a €320 million convertible bond to bolster its capital and to avoid a government rescue. The ECB earlier appointed three temporary administrators for Carige, in a bid to stabilize the bank following the resignation of the majority of its board members.