MILAN, Nov 27 (Reuters) - Credito Emiliano SpA has agreed to securitise a portfolio of performing residential mortgages worth a total of 922 million euros ($1.19 billion).
The aim of the securitisation operation is to diversify funding sources and create extra liquidity for the bank, Credem said in a statement on Thursday.
Credem said it would use the mortgage-backed securities mainly in refinancing operations with the European Central Bank.
The securitisation will have no effect on the bank's consolidated assets or interest margins, Credem said.

($1=.7740 Euro)

(Reporting by Stephen Jewkes; Editing by Mike Nesbit) Keywords: CREDEM/SECURITISATION (stephen.jewkes@thomsonreuters.com; +39 02 6612 9695; Reuters Messaging: stephen.jewkes.reuters.com@reuters.net)

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