Banca Ifis

M&A Activity • Oct 28, 2016

Informazione Regolamentata n. 0147-53-2016		Data/Ora Ricezione 28 Ottobre 2016 14:44:44	MTA - Star
Societa'	:	BANCA IFIS
Identificativo Informazione Regolamentata	:	80715
Nome utilizzatore	:	IFISN01 - DI GIORGIO
Tipologia	:	IROS 13
Data/Ora Ricezione	:	28 Ottobre 2016 14:44:44
Data/Ora Inizio Diffusione presunta	:	28 Ottobre 2016 14:59:45
Oggetto	:	Banca IFIS buys 100 million Euro worth of distressed assets on the banking market
Testo del comunicato

Vedi allegato.

PRESS RELEASE

Banca IFIS buys 100 million Euro worth of distressed assets on the banking market

Mestre (Venice), 28 October 2016 – Banca IFIS announces it has purchased an unsecured nonperforming loans portfolio on the domestic banking market for a total nominal value of about 100 million Euro.

The portfolio, containing over 7.200 positions, was sold to Banca IFIS by a leading Italian banking institute and mainly consists of current account overdrafts (57%), mortgages (27%) and personal loans (10%).

"The deals finalized on the banking market – stated Andrea Clamer, Head of Banca IFIS's NPL Area – demonstrate not only Banca IFIS's ability to reach important deals, but are also proof that something is moving on the market and that Italian banks are now taking the challenge of deteriorated assets. In this sense – underlines Clamer – dialogue is absolutely fundamental in order to close deals that can create value for both the seller and the buyer".

In light of the transactions carried out so far, Banca IFIS's non-performing loans treasury portfolio amounts to over 1.3 million positions, making up a total nominal value of 9.5 billion euro.

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

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