IFLR1000

Banca IFIS €384 million acquisition of Findomestic Banca NPL portfolio

15/9/2016
Loan portfolio sale
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€ 384 million

$ 412.057 million

Completed

15/9/2016

Overview:

  • Banca IFIS has acquired a €384 million portfolio of NPLs from Findomestic Banca.
  • The loans consist of personal loans (55%), credit card loans (31%), car loans (9%) and general purpose loans (5%).

Sam Duke - Editor

Jurisdiction:

Italy

Deal type:

Loan portfolio sale

Practice areas:

Banking
M&A

Industry sector:

Banking

Firm:
Chiomenti

Party: Banca Findomestic (Seller)

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