October 21, 2019 / 2:36 PM / a month ago

Poland's Kruk buys 162 mln euros in bad loans from Italy's BNL

Oct 21 (Reuters) - Kruk has won a tender to buy a non-performing loan portfolio with a nominal value of 162 million euros ($181 million) from Italy’s Banca Nazionale del Lavoro (BNL), the Polish bad loan manager said on Monday.

The portfolio consists of impaired unsecured loans granted to 115 Italian corporate clients.

BNL is part of France’s BNP Paribas banking group. ($1 = 0.8965 euros) (Reporting by Silvia Recchimuzzi in Gdansk, editing by Valentina Za)

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