News: Banca Piccolo Credito Valtellinese Sc (PCVI.MI)

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Tue, Mar 17 2015

Decision on ICBPI sale seen by end of June - Creval CEO

MILAN, March 17 - A decision on the sale of ICBPI, an Italian bank specialising in payment services, should take place by the end of June with four offers expected by Monday, the CEO of ICBPI shareholder Credito Valtellinese said.

Creval signs deal with Yard to manage 500 mln euros of bad loans

MILAN, March 16 - Credito Valtellinese said on Monday it had signed a deal with Yard Credit & Asset Management to help the Italian mid-tier lender manage a portfolio of bad loans worth 500 million euros ($526.5 million).

BRIEF-Banca Piccolo Credito Valtellinese plans no dividend payment

* Said on Tuesday its board of directors will propose to the shareholders' meeting to allocate the fiscal year loss fully to available reserves

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