Don't sell off NPls on the cheap - Vegas

Investment funds scenting great deal

(ANSA) - Milan, May 8 - Italian bourse rgulator CONSOB chief Giuseppe Vegas on Monday warned against selling off non-performing loans (NPLs) too cheaply.
    "Haste may prove to be a bad counselor", in getting rid of the high level of NPLs in the Italian banking system, Vegas said in his annual report.
    "There is a risk of opening up gaping holes in balance sheets, and foreign investment funds are getting the scent of a very good deal," he said.
   

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