Brief: Banca Ifis Clarifies Bank Of Italy Findings In Inspection, Highlighting Issues In Credit, NPL Valuation Processes
BRIEF-Banca Ifis Clarifies Bank Of Italy Findings In Inspection, Highlighting Issues In Credit, NPL Valuation Processes Oct 1 (Reuters) - Banca Ifis S.p.A. IF.MI:
CLARIFIES BANK OF ITALY FINDINGS IN INSPECTION, HIGHLIGHTING ISSUES IN CREDIT AND NPL VALUATION PROCESSES
IMPLEMENTATION OF FINDINGS WOULD ENTAIL RECLASSIFICATIONS FOR €200 MILLION, OF WHICH AROUND €145 MILLION ALREADY RECOGNIZED AS OF JUNE-END
Further company coverage: IF.MI
(Reporting by Gdansk Newsroom)
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