Intesa SanPaolo Bank Romania, Intesa SanPaolo Group
Intesa SanPaolo Bank Romania (the Romanian subsidiary of the Intesa SanPaolo Group) sold a portfolio of non-performing corporate and retail loans with a face value of EUR 260 million.
Deloitte provided transaction advisory services to Intesa SanPaolo Bank Romania.
Our expert's thoughts:
"Working together with our English portfolio advisory team on the sale of Intesa SanPaolo Bank Romania's NPL portfolio, we managed to encourage significant competition, which allowed us to negotiate a price for our client which greatly exceeded the pricing levels of past and current transactions in Romania, thereby generating considerable value for our client. As a result of the transaction, the percentage of the bank's NPL ratio dropped to an insignificant level, resulting in a much healthier balance sheet structure."