Milan, 19 October 2021 – Ifis Npl Servicing Spa, the subsidiary of the Banca Ifis Group specialized in the management and recovery of Npls also on behalf of third parties, has been upgraded by Fitch Ratings. In fact, the agency has increased the Asset-Backed Special Servicer Rating… Read More
NPL meeting: the anti-crisis measures have limited the impact of non-performing loans. Italy meets the EU target: in 2021, NPE ratio below 5%. The NPL industry is confirmed as a resource for the country • 14th edition of the Market Watch NPL report published •… Read More
Double digit growth in the first half for the Bank’s revenues which reached 292,6 million Euro and reached an all time high, net of PPA (277 million Euro). Record also for cash recoveries of Npl portfolios purchased amounting to 170 million Euro. In an improving macroeconomic environment, more than 70%… Read More
The first quarter of 2021 saw an all-time high recorded for cash collections on Npl portfolios acquired, which came to 81 million Euro (+24%) coupled with excellent performance in revenues from commercial and corporate banking (+21%) on the same period of last year. Faced with an improving macroeconomic context, positive… Read More
Frederik Geertman appointed as Chief Executive Officer Monica Regazzi joins the Board as independent director: female representation on the Bank’s board rises to 41% Mestre (Venice) 22 April 2021 – The ordinary Shareholders’ Meeting of Banca Ifis, which met today in single call, chaired by Sebastien Egon Fürstenberg in… Read More
• The Group acts as pathfinder: the pioneering transaction for finance is new for this type of non-performing exposure • Moody’s and Scope have assigned the senior notes a rating of A2 and A-, confirming the quality of the NPL portfolio and Banca Ifis’s ability to service Milan,… Read More
Banca Ifis exceeds targets and closes 2020 with profit of 68,8 million Euro. Geertman joins the Board of Directors In a year that has been profoundly marked by the COVID-19 pandemic, the Group has exceeded expectations, confirming resilient profitability and taking decisive action to derisk the business On the… Read More
Non-performing loans: banks accelerate NPL sales. Transactions of Euro 40 billion in 2021 Default rate to climb to 2.6% this year, more than twice the level in 2020 Total volume of NPEs in Italy will reach Euro 389 billion in 2021 Since 2017 over Euro 50 billion has been… Read More
