06 February, Finanza.com
With the Langhe operation, Fire has acquired from Cassa di Risparmio di Savigliano a portfolio of secured loans. Fire operates in the credit management sector specialising in holdings located in Piedmont, both related to privates and to companies.
In the past, Fire acquired an NPL portfolio from Banca Sant’Angelo amounting to 13.1 million euro in total, completing in this way the first operation of such dimensions by an independent servicer, along with another portfolio from MPS for a gross book value of 704 million. The company continues its work to re-position on the secured NPL market, also as a partner in the acquisition of portfolios. The latest PWC report on the Italian NPL market ranks Fire first among the independent servicers.
Translator: Cristina Ambrosi