BFF Banking Group Announces Deal For Sale Of Credits In Italy And Spain With Book Value Of €127 Mln

By Reuters News

Sept 30 (Reuters) - BFF Bank S.p.A. BFF.MI:

  • ANNOUNCES DEAL FOR SALE OF CREDITS IN ITALY AND SPAIN AND FORWARD FLOW AGREEMENT IN SPAIN

  • SELLS CREDITS WITH BOOK VALUE OF EUR 127 MILLION AS OF JUNE 30, 2026

  • CONSOLIDATED NET NPLS REDUCED BY APPROX. 35% COMPARED TO JUNE 30, 2026

  • TRANSACTION IS EXPECTED TO RESULT IN PROFIT AND LOSS CHARGE AT CLOSING OF AROUND €5 MILLION

  • TRANSACTION IS EXPECTED TO RESULT IN REDUCTION IN EXPECTED CALENDAR PROVISIONING FOR 2028 OF OVER €30 MILLION

  • DEAL EXPECTED TO COMPLETE BY END OF OCTOBER

Further company coverage: BFF.MI

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