30 April, Bebeez
Banca Ifis believes that the NPL market will report transactions for 30-32 billion euro this year once the emergency due to the coronavirus will be over, having all the major banks confirmed their divestiture plans. In such a context, the secondary market will play a crucial role.
Meanwhile, Banca Ifis is pursuing its business plan, which implies the acquisition of NPLs for 8.5 billion between 2020 and 2022, extending the business to the secured and corporate segments as well. In the past few months, the bank had already bought on the secondary market several portfolios from various securitisation vehicles.
Translator: Cristina Ambrosi