Banca Ifis

M&A Activity • Nov 28, 2016

Informazione Regolamentata n. 0147-60-2016		Data/Ora Ricezione 28 Novembre 2016 17:32:47	MTA - Star
Societa'	:	BANCA IFIS
Identificativo Informazione Regolamentata	:	82097
Nome utilizzatore	:	IFISN01 - DI GIORGIO
Tipologia	:	IROS 13
Data/Ora Ricezione	:	28 Novembre 2016 17:32:47
Data/Ora Inizio Diffusione presunta	:	28 Novembre 2016 17:47:48
Oggetto	:	Banca IFIS purchases 71 million euro of secured loans
Testo del comunicato

Vedi allegato.

PRESS RELEASE

Banca IFIS purchases 71 million euro of secured loans.

Mestre (Venice), November 28, 2016 - Banca IFIS announces it has purchased approximately 71 million euro (nominal value) of non-performing loans, equivalent to more than 4.800 positions. The operation had as counterpart an international company active in the distressed finance.

The portfolio consists mainly (68%) of secured loans - secured by a mortgage on property - and the for the remaining part (32%) of unsecured loans.

"This transaction attests Banca IFIS NPL Area's newest activity both in the secured and unsecured banking market" said Andrea Clamer, Head of the NPL division. "The acquisition of this type of portfolios and their efficient management is a first and strategic step towards the bank credit market and it widens Banca IFIS's focus onto the largest segment size in Italy".

In light of transactions executed so far, Banca IFIS's own non-performing loans portfolio is now well over 1.3 million positions, amounting to a total nominal value of 9.6 billion euro.

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

Press Officer and PR Chiara Bortolato Cell: +39 3669270394 chiara.bortolato@bancaifis.it