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Italy: AMCO purchases EUR 2 billion worth of non-performing loans from Banca Popolare di Bari S.c.p.A.

Description

On 29 June 2020, the Italian state-owned asset management company AMCO S.p.A. invested EUR 500 (USD 561) million to purchase a EUR 2 (USD 2.2) billion loan portfolio from the private financial firm Ba...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

29 Jun 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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