Italy’s BFF Bank flags potential $920 million rise in past‑due credit exposure

BFF Bank SpA

29/03/2026 13:26

Corrects amount of potential additional past-due credit exposure to 1.3 billion euros ($1.5 billion) (not 800 million euros ($920 million)) in headline and first paragraph

March 29 (Reuters) - Italian specialist lender BFF Bank BFF.MI warned on Sunday that findings from an ongoing inspection by the Bank of Italy could result in additional past-due credit exposure of up to 1.3 billion euros ($1.5 billion) after issues were identified in its factoring and lending business.

The central bank has appointed Raffaele Lener and Francesco Fioretto as commissioners to provide temporary support for BFF's board under Italy's banking law.

     Reuters reported in February that Milan prosecutors opened an investigation into alleged false accounting at BFF Bank, citing sources.

($1 = 0.8690 euros)

 (Reporting by Mihika Sharma in Bengaluru
Editing by David Goodman)

 ((Mihika.Sharma@thomsonreuters.com;))