Barclays agrees sale of Italian non-core corporate and SME loans 07 Feb 2017 09:35 Barclays has agreed the sale of a portfolio of non-core performing and non-performing SME and corporate loans in Italy to AnaCap Financial Partners. The portfolio forms part of Barclays Non-Core and has a book value of c. €177m of gross receivables. The sale will reduce non-core risk weighted assets by a further c. £78m. Completion is expected to occur in the second quarter of 2017. Harry Harrison, Head of Barclays Non-Core, commented: “We have maintained good momentum in Barclays Non-Core throughout 2016, finishing the year with the sale of a further book of loans in Italy on 30 December. “Barclays Non-Core looks remarkably different today than it did a year ago – in that time we have completed the sale of a number of businesses, including our Portuguese and Italian retail banks, our southern European cards business, our Asian Wealth business and our index and risk analytics business, as well as reducing and simplifying our legacy derivatives and loans books. We look to continue this success in 2017.” Barclays completed the sale of its Italian retail banking network to CheBanca! in August 2016. Barclays’ residual mortgage portfolio and other non-core retail and wealth loans in Italy will remain part of Barclays Non-Core, with the intention to exit or rundown over time. Barclays continues to operate its investment banking and corporate banking business in Italy. About Barclays Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 130,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. For further information about Barclays, please visit our website www.home.barclays .