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BRIEF-Banco BPM aims to conclude 720 mln euro NPL sale by end-June
May 11, 2017 / 5:27 PM / 7 months ago

BRIEF-Banco BPM aims to conclude 720 mln euro NPL sale by end-June

May 11 (Reuters) - Banco BPM Chief Executive Giuseppe Castagna tells analyst call:

* Expects to wrap up 720 million euro “Project Rainbow” non-performing loan sale by the end of June, currently awaiting binding offers

* Already at work on 2 billion euro unsecured bad loan portfolio which it aims to sell in H2 Further company coverage: (Reporting by Milan Newsroom)

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