Banca Ifis Considering Buying $2.2 Billion Bad Loans by Year-End

  • Ifis has made binding offers for secured and unsecured NPLs
  • Company also considering sale of EU1 billion of bad loans

Banca Ifis SpA is in the process of purchasing several portfolios of non-performing loans for a face value of more than 2 billion euros ($2.2 billion) by the end of the year, as the Italian financial-services company expands its business in distressed assets.

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