Reuters logo
BRIEF-Creval wants to solve non-performing loan problem definitively - conf call
November 7, 2017 / 7:07 PM / a month ago

BRIEF-Creval wants to solve non-performing loan problem definitively - conf call

Nov 7 (Reuters) - CREVAL:

* PROCESS FOR SALE OF 1.6 BILLION EURO NON-PERFORMING LOANS WITH GACS HAS STARTED, PRICES EXPECTED BETWEEN 30-35 PERCENT OF GROSS BOOK VALUE - GENERAL MANAGER (NOT CEO)‍​‍​

* EXPECTS PRICES FOR SALE OF FURTHER 500 MILLION EUROS OF NON-PERFORMING LOANS AT 20-25 PERCENT OF GROSS BOOK VALUE - CONF CALL‍​‍​

* EXPECTS COST OF RISK AT 2020 AT 64 BASIS POINTS - CONF CALL

* WANTS TO SOLVE NON-PERFORMING LOAN PROBLEM DEFINITIVELY - GENERAL MANAGER Further company coverage: (Gdynia Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below