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

BFF Bank

30/09/2026 15:11

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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