NPL acquisition target achieved

Pic© Onderwijsgek at nl.wikipedia

Category: NPLs

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Banca IFIS has closed two new Italian NPL transactions totalling around €200m. The latest transactions bring the bank's NPLs under management at end-2017 to over €13bn, while confirming €5bn in total expected NPL acquisitions for 2017.

Banca IFIS targeted €5bn in NPL acquisitions for the year 2017. This follows the implementation of its 2017-2019 strategic plan - approved in March 2017 - which sets a target acquisition of €10bn-€15bn of NPLs during the period (SCI 15 December 2017).

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