(Finance) – Intrum Italya leading company in the credit sector, a joint venture between Intrum Group (51%) e Intesa Sanpaolo (49%), reports having acquired in the month of November And December new management mandates relating to portfolios sold by 7 different leading banks for over 1.2 billion euros of nominal value of credits, including approximately 500 million euros of leasing, an asset class in which Intrum is the reference player.
Specifically, the mandates derive from 6 acquisition operations of new UTP and NPL portfolios for a nominal value of credits of approximately 1.100 billion from 3 large international investors. Furthermore, an agreement was signed for the contribution to the UTP Italia fund of a predominantly UTP portfolio for a nominal value of credits of approximately 100 million euros.
These operations are added to the other servicing mandates won by Intrum Italy in the previous months and to the inflows deriving from long-term servicing contracts, thus strengthening the company’s positioning on the Italian market.
“We are proud to announce these important operations which not only enhance our deal execution skills, but confirm both our ability to attract and support large international investors in the cash acquisition of Italian UTP&NPL portfolios, and our important role in maintaining of low NPE ratios of the Italian banking system”, he declared Henry RissoCEO of Intrum Italy.