(Alliance News) - ISCC Fintech Spa announced Monday that it has finalized the purchase of a portfolio of unsecured NPL loans individually attributable to the secondary and financial markets, with a face value of about EUR34.6 million.

The stock consists of 1,074 positions, arising mainly from bank/financial origination contracts.

"The purchase transaction of non-performing loan portfolios consolidates ISCC Fintech's role in the NPL segment, increasing the Company's portfolio to approximately EUR857 million, for a total of approximately EUR108,793 positions, comments ISCC Fintech CEO Gianluca De Carlo.

Integrated System Credit Consulting Fintech's stock closed 4.0 percent in the red at EUR3.40 per share.

By Chiara Bruschi, Alliance News reporter

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