ISCC Fintech acquires NPL loan portfolio for 4.8 million euro

SEIF 2022 revenues down to 279 million euros

(Tiper Stock Exchange) – Integrated System Credit Consulting Fintech (ISCC Fintech), a company active in Italy in the sector of the purchase of granular portfolios of non-performing loans (NPLs) by financial institutions, regulated companies providing goods or services (telephone, gas, electricity), special purpose vehicles and financial companies and in the management and recovery of the same (“Credit Management” activities), announces that today the purchase contract was finalized for a portfolio of unsecured individual NPL loans attributable to the secondary and financial market with a nominal value of approximately Euro 4.8 million.

The stock consists of n. 1,873 positions, mainly deriving from contracts of banking and financial origin.

“With this transaction relating to the purchase of portfolios of non-performing loans, the role of ISCC Fintech is consolidated in the NPL segment, increasing the Company’s portfolio to approximately €802.3 million for a total of approximately 105,475 positions.” comment the CEO of ISCC Fintech Gianluca De Carlo.

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