Banca Ifis Considering Buying $2.2 Billion Bad Loans by Year-EndBy and
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.