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Italy: AMCO purchases EUR 600 million worth of non-performing loans to Banco BPM

Description

On 5 November 2020, the Italian state-owned asset management company AMCO S.p.A. purchased a EUR 600 (USD 708) million loan portfolio from the private financial firm Banco BPM. AMCO will, therefore, t...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

05 Nov 2020

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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