CREDITO FONDIARIO CONTINUES TO GROW AND REPORTS 24.8 MILLION OF NET PROFIT

The Board of Directors of Credito Fondiario, a leading bank in Italy in the investment and servicing segment of non-performing loan portfolios, approved the separate and consolidated financial statements at December 31st, 2018.

At the end of 2018, the Bank reported a net result of € 24.8 million. Credito Fondiario completed the turnaround process and started the re-launch in the first half of 2018. In the second half of last year, Credito Fondiario consolidated its development process and positioned among the top players of the sector in Italy. Business growth was achieved thanks to the high-profile management team, a clear and coherent industrial vision and committed shareholders who sustained significant investments in technology and solutions to support the business. - PRESS RELEASE