Brief: BFF Bank Says European Court Of Human Rights Published Judgement On Appeal Brought by Bank in 2023

BFF Bank SpA

22/01/2025 07:27

Jan 22 (Reuters) - BFF Bank SpA  BFF.MI :
    * OUTCOME OF THE APPEAL TO THE EUROPEAN COURT OF HUMAN
RIGHTS IN
RELATION TO THE NON-PAYMENT BY A TERRITORIAL ENTITY IN
CONSERVATORSHIP (“DISSESTO”) STATUS  BFF.MI  
    * RULING ISSUED FOLLOWING CLAIM THROUGH WHICH BANK CLAIMED
NON-ENFORCEMENT OF DOMESTIC JUDICIAL DECISIONS, FAVOURABLE TO
BFF, ISSUED AGAINST MUNICIPALITY IN CONSERVATORSHIP
    * COURT EXPRESSLY AFFIRMS THAT DEFENDANT STATE IS OBLIGED TO
ENFORCE COURT JUDGEMENTS WHICH ARE ENFORCEABLE
    * BFF OWNS RECEIVABLES TOWARDS TERRITORIAL ENTITIES IN
CONSERVATORSHIP RELATING TO THE RULING FOR EUR 31.1 MLN
PRINCIPAL,  AROUND EUR 22.6 MILLION ACCESSORIES
    * EXPOSURES ARE CLASSIFIED AS NON-PERFORMING LOANS,
THEREFORE RISK
WEIGHTED AT 150%

Source text:  ID:nINFbt9sfY 
Further company coverage:  BFF.MI 

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