Banca Ifis

Legal Proceedings Report • Nov 13, 2017

Informazione Regolamentata n. 0147-81-2017		Data/Ora Ricezione 13 Novembre 2017 08:26:02	MTA - Star
Societa'	:	BANCA IFIS
Identificativo Informazione Regolamentata	:	95850
Nome utilizzatore	:	IFISN01 - DI GIORGIO
Tipologia	:	REGEM
Data/Ora Ricezione	:	13 Novembre 2017 08:26:02
Data/Ora Inizio Diffusione presunta	:	13 Novembre 2017 08:26:03
Oggetto	:	Banca IFIS, new non-performing loan transactions
Testo del comunicato

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PRESS RELEASE

Banca IFIS: new non-performing loan transactions

Mestre (Venice), 13 November 2017 - Banca IFIS announces that it has completed an operation involving the purchase of non-performing loans, as well as the sale of a number of remainders of portfolios in the NPL sector.

The purchase relates to an unsecured, consumer loan portfolio for a nominal value of about 44 million Euro, corresponding to more than 6,800 positions. It was sold to Banca IFIS by one of the leading consumer credit companies in Italy. This portfolio is composed mainly of personal loans (88%), car loans (10%) and special purpose loans.

Banca IFIS has also signed an agreement for the sale, in a single transaction, of the remainder of four consumer NPL portfolios, acquired over time, for a total nominal value of about 152 million Euro, corresponding to more than 32,780 positions. This portfolio consists primarily of credit card loans (60%) and personal loans (28%). The operation was defined with a leading operator in the Italian credit management sector.

The total amount of NPLs managed by Banca IFIS amounts to over 12,4 billion Euro and includes about 1 million and 480,000 positions.

Banca IFIS S.p.A. Head of Communication Mara Di Giorgio +39 335 7737417 mara.digiorgio@bancaifis.it www.bancaifis.it

Press Office and PR Chiara Bortolato +39 3669270394 chiara.bortolato@bancaifis.it

Press Office Lavinia Piana +39 3469425022 Lavinia.piana@bancaifis.it