Banca IFIS has concluded the agreement for the purchase of a loan portfolio with a nominal value of approximately 190 million euro from Barclays.
The portfolio acquired is made up of around 75.500 positions and mostly includes non-performing consumer loans (personal loans, credit cards) and the remainder performing loan contracts with regular repayment.
“The operation represents a novelty; for the first time we are purchasing a mixed portfolio of performing and non-performing loans” comments Andrea Clamer, head of Banca IFIS's NPL Area. “In a market with increasingly lively dynamics, where the decision to dispose of assets is now considered a priority strategic option, we continue to evaluate all possible transactions, in line with the pillars of our strategy, i.e. correct profitability for risk and balanced absorption of capital".
The total NPL loans managed by Banca IFIS as at 30 April 2017 amounted to over 10 billion euro and included over 1 million and 400 thousand positions.
