Roma/Biella, December 9th2019 – Credito Fondiario – a leading bank in the non performing loans investment and servicing sector in Italy – signed an agreement with Banca Sella for the purchase of a portfolio consisting of non performing loans for a GBV (gross book value) of approximately Euro 33,8 million
The portfolio consists of unsecured NPL related to 105 debtors.
Following the sale operations carried out in 2019, Banca Sella will reach one of the best gross NPL ratio among Italian banks at the end of the year.
At the same time, Credito Fondiario continues to strengthen the partnership with the Sella Group. This partnership is functional to the Bank’s strategy of portfolio acquisition and enhancement, on all categories of non-performing credits, both non-performing loans and UTPs, banking and leasing.
Thanks to this transaction, Credito Fondiario confirms its leadership as debt purchaser and debt servicer in Italy, with over Euro 1 billion directly invested in loan portfolios and over Euro 50 billion of assets under management (Euro 17 billion of which in special servicing).
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.