AbbVie Sues HHS Over Medicare Price Controls on Botox Under Inflation Reduction Act 
Spirit Airlines Seeks Court Approval to Auction 20 Airbus A320/A321 Aircraft Amid Bankruptcy 
ANZ Shares Hit Record High After Strong Q1 Profit and Cost-Cutting Gains 
Standard Chartered Names Peter Burrill as Interim Group CFO Following Diego De Giorgi’s Exit 
AST SpaceMobile Joins MSCI ACWI Index as Largest New Addition, Boosting Market Visibility 
Petrobras Posts Record Oil Exports as Production Surge Fuels Global Expansion 
Canadian Airlines Suspend Cuba Flights Amid Jet Fuel Shortage and U.S. Sanctions 
Boeing Reports Major Supply Chain Quality Improvements After Spirit AeroSystems Deal 
U.S. Commerce Department Reaches $252 Million Settlement With Applied Materials Over China Exports 
FDA Rejects Review of Moderna’s Flu Vaccine Application, Shares Slide 
Air New Zealand Cabin Crew Strike Set for February 12–13 Amid Failed Talks 
Instagram CEO Defends Platform in Youth Mental Health Lawsuit Over Social Media Addiction Claims 
Ancora Holdings Builds $200M Stake in Warner Bros Discovery, Targets Netflix Asset Sale Plan 
SMIC Shares Slide Despite Strong AI-Driven Earnings as Margin Pressure Looms 
Samsung Electronics Sees Sustained AI-Driven Demand for Memory Chips Into Next Year 
Cloudflare Forecasts Strong Revenue Growth as AI Fuels Cloud Services Demand 
FTC Questions Apple News Over Alleged Bias Against Conservative Media 
Mestre (Venice), 13 November 2017 - Banca IFIS announces that it has completed an operation involving the purchase of non-performing loans, as well as the sale of a number of remainders of portfolios in the NPL sector.
The purchase relates to an unsecured, consumer loan portfolio for a nominal value of about 44 million Euro, corresponding to more than 6,800 positions. It was sold to Banca IFIS by one of the leading consumer credit companies in Italy. This portfolio is composed mainly of personal loans (88%), car loans (10%) and special purpose loans.
Banca IFIS has also signed an agreement for the sale, in a single transaction, of the remainder of four consumer NPL portfolios, acquired over time, for a total nominal value of about 152 million Euro, corresponding to more than 32,780 positions. This portfolio consists primarily of credit card loans (60%) and personal loans (28%). The operation was defined with a leading operator in the Italian credit management sector.
The total amount of NPLs managed by Banca IFIS amounts to over 12,4 billion Euro and includes about 1 million and 480,000 positions.
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/6bdceab3-2b38-418f-b652-e34fd63be066
