The Company for the Management of Accounts will sign an agreement for the transfer of bad loans to its account. The so-called "Bad Bank" is expected to receive as much as 400 million euros in bad loans. This is the fourth bank to transfer non-performing loans to the bad bank.

The head of the bad bank said that the amount represents just under 100 of the most problematic loans the bank has. He stressed that things were moving quickly since they were expected to complete the transfer by the end of this year.