Credito Fondiario purchases from Banca Sella a portfolio of unsecured NPL

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).