Banca IFIS buys 100 million Euro worth of distressed assets on the banking market
(Thomson Reuters ONE) -
Mestre (Venice), 28 October 2016 - Banca IFIS announces it has purchased an
unsecured non-performing loans portfolio on the domestic banking market for a
total nominal value of about 100 million Euro.
The portfolio, containing over 7.200 positions, was sold to Banca IFIS by a
leading Italian banking institute and mainly consists of current account
overdrafts (57%), mortgages (27%) and personal loans (10%).
"The deals finalized on the banking market - stated Andrea Clamer, Head of Banca
IFIS's NPL Area - demonstrate not only Banca IFIS's ability to reach important
deals, but are also proof that something is moving on the market and that
Italian banks are now taking the challenge of deteriorated assets. In this sense
- underlines Clamer - dialogue is absolutely fundamental in order to close deals
that can create value for both the seller and the buyer".
In light of the transactions carried out so far, Banca IFIS's non-performing
loans treasury portfolio amounts to over 1.3 million positions, making up a
total nominal value of 9.5 billion euro.
Banca IFIS buys 100 mln euro of npls:
http://hugin.info/143833/R/2052607/768230.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Banca IFIS S.p.A. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 28.10.2016 - 15:12 Uhr
Sprache: Deutsch
News-ID 503550
Anzahl Zeichen: 1728
contact information:
Town:
Venice
Kategorie:
Business News
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