Intesa Sanpaolo Considers Bad Loan Disposal, Intrum Confirms Talks -- Update
January 10 2018 - 12:06PM
Dow Jones News
(Adds comment from Intrum on discussions with Intesa
Sanpaolo.)
By Pietro Lombardi
Intesa Sanpaolo SpA (ISP.MI) is considering a disposal of a bad
loans portfolio in its upcoming business plan, the Italian lender
said Wednesday following recent media reports.
"The bank is considering strategic options involving the NPL
servicing activity that include a disposal of a bad loan portfolio
of the group as part of the upcoming business plan," the company
said in a statement.
This will not affect cash dividend for 2017.
"Such options do not modify the commitment of Intesa Sanpaolo to
distribute EUR3.4 billion cash dividends for 2017, which is
confirmed," the bank said.
Intesa Sanpaolo will report its 2017 results on Feb. 5.
Intrum, a credit-management company, said it was in discussions
with the bank over the acquisition of a servicing platform and a
portfolio of non-performing loans. "These discussions are at an
early stage and no further details will be disclosed," Intrum
said.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
January 10, 2018 12:51 ET (17:51 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Intesa Sanpaolo (BIT:ISP)
Historical Stock Chart
From Feb 2024 to Mar 2024
Intesa Sanpaolo (BIT:ISP)
Historical Stock Chart
From Mar 2023 to Mar 2024