PRESS RELEASE

Toscana Finanza, the operating branch of Banca IFIS in the non performing loans department, has purchased significant portfolios in recent weeks

Mestre, 27 January 2012 - "Great energy and professionalism accompanies liquidity in the new path undertaken by Toscana Finanza". With these words Giovanni Bossi, CEO of the Banca IFIS Group, sums up events between the end of 2011 and the first few weeks of 2012. In detail, the purchase of portfolios worth a total value of around 1,100 million has been finalised. Such transactions have been carried out with the consumer credit divisions of two big international banking groups based in Italy. These are portfolios that have over 100,000 total items representative of credit owed by Italian individuals and, in general, by consumer families.
Most credits arose between 2006 and 2009, but various items also ensued in 2010 and even 2011. These credits, for their characteristic of being "consumer credits", are not supported by any guarantees, even if part of the portfolio was activated with executive procedures that are already leading towards positive results. The average denomination is around 10,000 euros. Thanks to the liquidity made available by Banca IFIS and to its quick response, the portfolios were purchased for a very contained value (around 1.5% of their nominal value) which - if compared to the potential return values, estimated between 5% and 8% even if diluted over time and possible thanks to a capillary work and to a proprietary technological platform developed over twenty years of expertise - outlines a very high prospective growth in the profitability of
the branch and thus of Banca IFIS in the coming financial years.

Banca IFIS S.p.A. Head of Communications

Mara Di Giorgio

Cell: +39 335 7737417 mara.digiorgio@bancaifis.it www.bancaifis.it

Head of Press Office and Public Relations

Valeria Costa

Cell: +39 366 5627949 valeria.costa@bancaifis.it

Mymediarelation S.r.l. Banca IFIS Press Office Marco Messori

Cell: +39 335 598 58 09

messori@mymediarelation.it www.mymediarelation.it

distribué par

Ce noodl a été diffusé par Banca Ifis S.p.A. et initialement mise en ligne sur le site http://www.ifis.it. La version originale est disponible ici.

Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-27 09:40:11 AM et restera accessible depuis ce lien permanent.

Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité.

Documents associés
8.45 AM: Toscana Finanza has purchased significant portfolios of non performing loans in recent weeks