(Alliance News) - ISCC Fintech Spa announced Wednesday that it has finalized the sale of non-performing loans (NPLs) with a nominal value of EUR51 million.
The transaction was carried out at a price nearly equivalent to the carrying value and was structured and executed through the MyNpl.it platform, which acted as financial advisor.
'The completion of the sale agreement is part of the company's journey, in continuity with the strategic plan launched. The operation contributes to following through on the choices already made, maintaining consistency with the guidelines defined for the next phases', stated the CEO of ISCC Fintech, Gianluca De Carlo.
ISCC Fintech shares are up 0.8% at EUR1.00 per share.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
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