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BRIEF-Banca IFIS buys non-performing consumer loans worth 338 mln euros
June 20, 2017 / 11:45 AM / 3 months ago

BRIEF-Banca IFIS buys non-performing consumer loans worth 338 mln euros

June 20 (Reuters) - Banca IFIS says:

* Bought two non-performing loan portfolios for overall nominal value of about 338 million euros from Findomestic Banca and Banca Sella’s Consel unit

* Findomestic’s portfolio has nominal value of 321 million euros and comprises mainly personal loans and credit cards

* Consel’s portfolio has nominal value of 16.7 million euros and consists almost exclusively of personal loans

* Deal brings number of total purchases carried out so far in 2017 to seven, for nominal value of more than 2 billion euros Further company coverage: (Reporting by Milan Newsroom)

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