Investor, Servicer & Debt Buyer Newsroom NPL - Distressed Asset

ISCC Fintech Completed a Non-Performing Loan Portfolio Sale

Integrated System Credit Consulting Fintech S.p.A. (ISCC Fintech), an active player in Italy’s non-performing loan (NPL) market, has announced the successful signing of a contract for the sale of an NPL portfolio with a nominal value of approximately €12.9 million. The deal was finalized today with a leading Italian financial operator.

Established in December 2020, ISCC Fintech specializes in the analysis and purchase of granular portfolios of non-performing loans from financial institutions, regulated service providers (such as telecom, gas, and electricity), special purpose vehicles, and financial companies as per article 106 T.U.B. The company is also engaged in credit management activities which include the entire spectrum of debt recovery processes through both judicial and extrajudicial means.

This particular transaction involved a portfolio of consolidated debts under issued and unopposed injunctions, all duly notified, with a gross book value (GBV) as of March 1, 2024, of about €12.9 million, valued at around €3.15 million. The operation was conducted through the platform, which served as the financial advisor.

Gianluca De Carlo, the CEO of ISCC Fintech, expressed satisfaction with the transaction, highlighting its strategic importance. “This operation is aligned with the virtuous process started back in 2022 by the company. It stands as one of the most significant strategic levers within a broader project and fully satisfies us as it encapsulates the value enhancement of our Credit Portfolio while simultaneously enabling us to accelerate our operational activities in the coming months,” De Carlo stated.

The transaction is expected to have a positive impact on the company’s operational dynamics in the short term, reflecting the efficacy of its strategic approaches towards credit management and recovery.

ISCC Fintech operates primarily in the granular market segment, which includes unsecured sectors with sizes ranging from €0 to €50K and secured sectors ranging from €30K to €150K. The company’s long-standing experience in loan agreements against salary assignments and a significant database especially rich in information about bad customers enable ISCC Fintech to operate precisely in this niche market.

The company is headquartered in Turin and employs 24 full-time staff alongside 20 collaborators for phone collection and approximately 200 lawyers through its affiliated firm, Lawyers S.t.A. Listed on the Euronext Growth Milan, part of the multilateral trading facility, ISCC Fintech is a subsidiary of Conafi S.p.A., a holding company listed on Euronext Milan.

ISCC Fintech’s website

Entering Italian NPE Market 

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Credit Village is today the meeting and reference point - through its three areas, web, publishing, events - for professionals, managers, entrepreneurs and credit management operators. It was founded in 2002 with the aim of spreading the culture of Credit and Collection Management in Italy.

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