NPLs: who’s buying and who’s selling
04 July, Credit Village
Among the buyers, Illimity has just announced new operations for a total of 550 million euro, while Banca Ifis completed NPL transactions for 1.4 billion euro in the first part of the year.
Meanwhile, Mps terminated the servicing contract with Juliet, the platform managed by Cerved and Quaestio. Although the early termination of the partnership will cost the bank 40 million euro, the decision was dictated by the necessity for more flexibility in the NPL disposal process.
Source: Credit Village
Translator: Cristina Ambrosi