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Iccrea Banca sells a billion of Npl, the management to Prelios

Posted: 12 July 2018

Prelios Credit Servicing will act as Master and Special Servicer in the context of the non-performing loan securitization transaction concluded by ICCREA Banca.

ICCREA Banca carried out the securitization of a NPLs portfolio of approximately one billion euros of gross value originating from two companies of the ICCREA banking group and 21 BCC members of the cooperative banking group of which ICCREA Banca is a candidate for the parent company.

For ICCREA Banca this is the first multi-originator operation, for which the GACS concession will be required.