CREDITO FONDIARIO STRENGHTENS ITS PRESENCE IN THE LEASING SECTOR ACQUIRING TWO NPLs PORTFOLIOS

Credito Fondiario, a leading bank in the Italian servicing and credit management sector, announces an agreement with Intesa Sanpaolo Provis, a company of the Intesa Sanpaolo Group, on the acquisition pro soluto of two non-performing leasing portfolios, comprising credit exposures and underlying assets (mostly instrumental goods and vehicles), with a gross book value of approx. 280 million Euro and over 8,000 positions.

These investments are part of Credito Fondiario’s strategy to develop and strengthen its specialised presence in the leasing sector. They follow a similar acquisition, completed in 2016, of a performing leasing portfolio.

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