Posted in Corporate, Press release |

Agreement between AMCO and BdM Banca

AGREEMENT BETWEEN AMCO AND BDM BANCA ON CLAIM FOR INDEMNIFICATION AND COMPENSATION

Milan, 3 October 2024 – AMCO and BdM Banca (formerly Popolare di Bari) closed an agreement about the claim for indemnification and compensation made in May 2022 by AMCO for lack of documentation related to the €2 billion (GBV) portfolio of non-performing exposures transferred by BdM to AMCO in 2020.

The agreement was reached after months of dialogue and cooperation, also as a result of the further documentation made available in the meantime by the Bank to AMCO.