Italy-based Banca IFIS has acquired two non-performing loans (NPLs) sold by Santander Consumer Bank and a main international fund, valued around EUR630m.
The portfolio acquired from Santander includes 18,500 positions for an assigned value of nearly EUR230m.
Majority (73%) of this relates to personal loans, while 23% relates to targeted loans.
The purchase of the second portfolio is considered to be one the first deals in Italy’s secondary market of NPLs. It comprises 50,000 positions for an assigned value of nearly EUR400m.
The portfolio includes 46% of personal loans, 30% targeted loans, and 24% of credit card loans.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData