Global Trade Alert
Global Trade Alert

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

Announcement

29 Jun 2020

In June 2020, the Italian state-owned asset management company AMCO announced the purchase of EUR 2 billion of loan contracts from Banca Popolare di Bari S.c.p.A.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

29 Jun 2020

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

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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