Banca IFIS continues to buy NPLs: 176 million Euro of distressed loans purchased
(Thomson Reuters ONE) -
Mestre (Venice), July 7, 2016 - With eight purchase deals and about 2.3 billion
Euro of NPLs purchased so far in 2016, Banca IFIS confirms that it is one of the
most active companies in the non-performing loans sector, focusing particularly
on the unsecured consumer credit segment in which it specializes. Today Banca
IFIS announces the closing of another two purchase deals - that add to the six
already realized in the past months - of two unsecured NPL portfolios for a
total nominal value of 176 million Euro.
The first portfolio, having a nominal value of about 104 million Euro and
corresponding to 3.900 positions, was sold to Banca IFIS by a major Italian bank
and is mainly composed of credit card overdrafts (65%).
The second transaction concerns a forward flow agreement with one of the main
Italian consumer credit companies and involves the monthly transfer of about 6
million Euro of non-performing loans for 12 months, equalling a total nominal
value of 72 million euro (nominal value).
"Since 2012, the year in which we entered the NPL market, Banca IFIS has grown
exponentially, becoming leader of a constantly evolving market, whilst evolving
itself too. We have built a complete credit chain that, thanks to efficient
management, allows us to reach a key goal: reinserting our clients in a virtuous
and sustainable economic mechanism" stated Andrea Clamer, Head of Banca IFIS's
NPL Area.
In light of the transactions carried out so far, Banca IFIS's own portfolio
amounts to over one million positions making up a total nominal value of almost
10 billion euro.
Banca IFIS acquista 176 milioni di NPL_ENG:
http://hugin.info/143833/R/2026900/753256.pdf
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Source: Banca IFIS S.p.A. via GlobeNewswire
[HUG#2026900]
Unternehmensinformation / Kurzprofil:
Datum: 07.07.2016 - 12:34 Uhr
Sprache: Deutsch
News-ID 482075
Anzahl Zeichen: 2439
contact information:
Town:
Venice
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Business News
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