Milan, 22 November 2018 – Banca IFIS announces that the Bank of Italy has approved the acquisition of a control stake in FBS S.p.A., a company specialising in servicing activities (master and special services) within the NPL sector, and acting as a secured and unsecured NPL portfolio manager, due diligence… Read More
Mestre (Venice), 14 November 2018 – Banca IFIS continues purchasing NPLs with the aim of helping delinquent borrowers become reperforming. After showing restraint in the first half of the year by suspending purchases, and buying eight portfolios for 1.834 million Euro in the third quarter, the Bank started the fourth… Read More
Highlights– Results for the first nine months of 20181 RECLASSIFIED DATA2 First nine months 1 January-30 September o Net banking income: 403,6 million Euro (+7,5%); o Net profit from financial activities: 334,6 million Euro (-13,4%); o Operating costs: 208,9 million Euro (+15,6%); o Group net profit… Read More
Mestre (Venice), 18 July 2018 – IFIS NPL has acquired from UniCredit and other three players four distressed loans portfolios for a total of approximately € 600 million (nominal value), corresponding to more than 27,500 positions. The loans were purchased mainly on the primary market, mainly unsecured. Below are details… Read More
Banca IFIS ‘s new subsidiary will become operational on 1 July 2018 Mestre (Venice), 28 June 2018 – The NPL hub of Banca IFIS continues to evolve. After the recent agreement concerning the acquisition of the Italian servicer FBS, allowing the Group to enter the servicing… Read More
Closing expected in September. The CEO Giovanni Bossi: “This acquisition gives rise to Italy’s first completely integrated Asset Management Company, with over 20 billion of assets managed both on our own and on behalf of third parties”. TRANSACTION HIGHLIGHTS • The servicer FBS joins the… Read More
Mestre (Venice), 09 April 2018 – GACS, the ECB guidelines and addendum, the entry into force of the implementation of IFRS9, and the SGAs and Italian Recovery Fund (formerly Atlante II) that are launching the NPL activities, are all tools to achieve the goal of reducing NPEs (Non-Performing Exposures) in… Read More
