Banca IFIS concluded two new purchases of consumer credit portfolios for a total nominal value of approximately 338 million euro. The first agreement relates to the purchase by Banca IFIS of a portfolio of approximately 50.000 positions put up for sale by Findomestic Banca for a nominal value of approximately 321 million euro. The portfolio is mainly made up of personal loans (64%), credit cards (23%) and the remainder of car loans and special purpose loans.
The second agreement, concluded with Consel, a Banca Sella Group company operating in the consumer credit sector, was reached for the purchase by Banca IFIS of a portfolio consisting of 6.475 positions for a nominal value of approximately 16,7 million of Euro. It includes receivables due from natural persons (about 97% of the nominal value) deriving from personal loans, credit cards, financing and unsecured leasing, therefore without underlying guarantee, belonging to the automotive sector.
“With these deals we arrive at seven acquisitions in 2017, for a nominal value of over 2 billion euro, in line with our 2017-2019 strategic plan” said Andrea Clamer, head of Banca IFIS's NPL Area. "These are transactions with prestigious sellers with whom we have been collaborating for years, a choice that gratifies us and that bears witness to the excellent work done so far".
Angelo Scatigna, Customer Solution and Collection Director of Findomestic, declared: "We are satisfied to have concluded this important operation thanks to which we consolidate a relationship with Banca IFIS that is a guarantee of ethically correct management for our former customers".
“This is the second credit assignment transaction completed between Consel and Banca IFIS in the last year and a half” declared Giorgio Orioli, CEO of Consel SpA. “The transaction demonstrates the mutual interest of these two long-lasting financial entities and represents an important step in the process of optimizing the loan portfolio and at the same time reducing non-performing loans.”
