VENICE, Italy, Sept 28 (Reuters) - Italy’s third-largest bank Banco BPM is expecting offers for a bad loan sale for up to 9.5 billion euros ($11 billion) by mid-November, a source familiar with the matter said.
The source said the bank was pressing ahead with the sale as it was considering tapping a state guarantee scheme which has recently been renewed and expires early in March next year.
$1 = 0.8604 euros Reporting by Valentina Za, editing by Stephen Jewkes
