(Alliance News) - Integrated System Credit Consulting Fintech Spa announced Wednesday that it has finalized the purchase of the portfolio of unsecured NPL loans individually attributable to the secondary and financial markets, with a face value of about EUR7.8 million.

The stock consists of 1,583 positions, arising mainly from bank/financial origination contracts.

"The deal to purchase portfolios of non-performing loans consolidates ISCC Fintech's role in the NPL segment, increasing the company's portfolio to about EUR823 million, with a total of about 107,769 positions," said ISCC Fintech CEO Gianluca De Carlo.

ISCC Fintech's stock closed Wednesday down 0.6 percent at EUR3.48 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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