CREDITO FONDIARIO APPOINTED AS MASTER AND SPECIAL SERVICER IN THE GACS SECURITISATION LAUNCHED BY BANCA CARIGE (APPROX. EURO 1 BN)

Credito Fondiario signed an agreement with Banca Carige according to which it was appointed as servicer of the second GACS securitisation launched by Carige.

This transaction, denominated “Riviera”,  involves the securitisation of a portfolio of non performing loans (NPLs) originated within the Carige group, with a total gross book value of approx. Euro 1 billion.This transaction, denominated “Riviera”,  involves the securitisation of a portfolio of non performing loans (NPLs) originated within the Carige group, with a total gross book value of approx. Euro 1 billion.
Credito Fondiario will act as master servicer of the securitisation, and as special servicer on Euro 0,7 billion of GBV. - PRESS RELEASE