An international distressed investor acquired non-performing consumer loans for a nominal value of approximately €150 million from Banca IFIS S.p.A. (BIT:IF) on July 3, 2017.

An international distressed investor acquired non-performing consumer loans for a nominal value of approximately €150 million from Banca IFIS S.p.A. (BIT:IF) on July 3, 2017. Portfolio consist approximately 12.000 positions, mainly consisting of personal loans (38%), targeted loans (31%) and revolving credit card loans (21%). In a related transaction, Banca IFIS S.p.A. sold portfolio of re-performing loans on July 3, 2017. An International distressed investor completed the acquisition of a non-performing consumer loans for a nominal value of approximately €150 million from Banca IFIS S.p.A. (BIT:IF) on July 3, 2017.