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Italy: Amco purchases EUR 54 million worth of non-performing loans to Banca Carige S.p.A.

Description

On 17 December 2020, the Italian state-owned asset management company AMCO S.p.A. purchased a EUR 54 (USD 66) million loan portfolio from the private financial firm Banca Carige S.p.A. AMCO will, ther...

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Intervention Details

Intervention Type

Debt purchase

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

17 Dec 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 Products

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