Download CREDITO FONDIARIO, A LEADER IN THE ITALIAN CREDIT

PRESS RELEASE
CREDITO FONDIARIO, A LEADER IN THE ITALIAN CREDIT
MARKET, EXPANDS ITS PRESENCE IN THE LEASING SECTOR
ACQUIRING TWO NPLs PORTFOLIOS OF APPROX 280 MILLION
EURO (GBV)
Milan, 28 February 2017 – Credito Fondiario, a leader in the Italian servicing and
credit management sector, announces an agreement with Intesa Sanpaolo Provis,
part of the Intesa Sanpaolo Group, on the acquisition pro soluto of two nonperforming leasing portfolios, comprising credit exposures and underlying assets
(mostly instrumental goods and vehicles), with a gross book value of approx. 280
million Euro and over 8,000 positions.
These investments are part of Credito Fondiario’s strategy to develop and
strengthen its specialised presence in the leasing sector. Credito Fondiario has
already acquired in 2016 a performing leasing portfolio.
Credito Fondiario was supported in this transaction by Paul Hastings as legal
advisors.
Credito Fondiario
With about 4.5 billion euros and 30 portfolios under servicing, Credito Fondiario is an independent
bank, part of the Tages Group, focused on the acquisition, financing, intermediation, management
and servicing of illiquid and non performing credit loans and portfolios. Credito Fondiario offers
investors and banks a broad spectrum of integrated services across all credit and real estate asset
classes: securitisation and SPV management (including the opportunity to act as Sponsor), primary,
master servicing & asset management (rated by S&P and Fitch); due diligence, structuring, advisory
& capital markets; special servicing (both directly and via overseeing third party outsourcers); and
real estate management.
Corporate contacts:
Image Building
Cristina Fossati, Luisella Murtas, Laura Filosi
Tel. +39 02 89 011 300
Email: [email protected]
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