• IMPRESE
  • DRL
  • CREDITI FISCALI
  • RACCOLTA
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  • The model for segment reporting is in line with the organisational structure used by the Head Office to analyse Group...
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  • The Group's prospects for 2014 remain largely positive. On the economic front, the recession that has characterised...
  • STATEMENT OF FINANCIAL POSITION(in thousands of Euro) TRADE RECEIVABLES...
  • RECLASSIFIED CONSOLIDATED STATEMENT OF FINANCIAL POSITION: QUARTERLY...
  • The organisational structureThe model for segment reporting is in line with the organisational structure used by the...
  • MAIN STATEMENT OF FINANCIAL POSITION ITEMS(in thousands of Euro) AMOUNTS AT...
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  • Formation of net banking incomeNet banking income rose 7,9% from 244,9 million Euro to 264,2 million Euro, thanks to...
  • The model for segment reporting is in line with the organisational structure used by the Head Office to analyse Group...
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  • The Banca IFIS Group is the only independent banking group in Italy that specialises in the sector of trade receivables...
  • Formation of net banking incomeNet banking income rose 7,9% from 244,9 million Euro to 264,2 million Euro, thanks to...
  • Control over the development of the Group's organisation, with reference to organisational structures, size and...
  • Key Data On The Consolidated Income Statement (2013 VS 2012)Key Data On The Consolidated Statement Of Financial...
  • The Group's prospects for 2014 remain largely positive. On the economic front, the recession that has characterised...
  • The Banca IFIS Group continues to grow relentlessly, breaking new records in terms of profitability, capitalisation and...

Distressed retail loans

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The distressed retail loans market is characterised by the presence of players who approach the business in different ways and focus their attention on portfolios that are often non homogeneous, especially as for the type of receivable that is bought, the type of subject, and the methods of collection.

We may recognise 4 categories of non-performing loans that are purchased, deriving from:

  • property-backed mortgages;
  • other receivables backed by third-party surety bonds;
  • asset/salary-backed consumer credit/retailer loans due from individuals;
  • unsecured consumer credit.

We may identify the following categories of debtors:

  • individuals with or without steady income;
  • limited companies or partnerships/sole proprietorships.

We may distinguish two broad areas for collection, judicial and non-judicial.

In addition, market players adopt different approaches also in taking on risk:

  • some seek to acquire portfolios and manage them until the payment's collection;
  • some focus only on management in exchange for fees.

The market for distressed retail loans originating largely from the unsecured consumer credit sector was characterised in 2013 by several and often significant disposals of loan portfolios by Italian financial companies belonging to major foreign banking groups, as well as by the return of international investment funds as buyers. The inflow of abundant liquidity on the financial markets due to the interest of foreign investors in the Italian market caused demand to increase, leading to higher competition and pricing pressure.

The economic situation has swelled the pool of non-performing loans, and therefore of receivables potentially up for sale, exceeding 156 billion Euro in the banking industry alone and forecast to grow further over the next two years.

BANCA IFIS SPA P. IVA n. 02992620274