Banca IFIS announces that it has defined the details of a negotiation in relation to an agreement for the sale of a portfolio of unsecured Non-Performing Loans in the domestic consumer credit sector. The operation – which allowed Banca IFIS to realize a capital gain – saw an international player as a counterparty to the institution through a securitization company.
The object of the transaction is a portfolio of difficult to collect loans with a nominal value of over 861 million euro corresponding to around 42 thousand positions. The portfolio, sold on the secondary consumer credit market, is made up of credits with advanced aging.
“Both purchase and sale operations – he declared Andrea Clamer, head of Banca IFIS's NPL Area – are evidence of the Bank's ability to create synergies with Italian and international players active in the domestic primary and secondary market of Non-Performing Loans".
Against the finalized transactions, Banca IFIS boasts a proprietary NPL portfolio of over 1,3 million positions for a nominal value of over 9,4 billion euro, confirming its position as market leader in Italy and among the most active players in Europe.
