BREAKING NEWS – 28.06.2023

In the press release of June 26th 2023, Integrated System Credit Consulting Fintech S.p.A. (the “Company” or “ISCC Fintech”), a company active in Italy in the field of the purchase of so-called granular portfolios of non-performing loans (otherwise called NPL credits) by financial institutions, regulated companies for the provision of goods or services (telephony, gas, electricity), special purpose vehicles and financial companies pursuant to art. 106 TUB and in the management and recovery of the same (so-called “Credit Management”), announces that, as of the date of the release, a contract has been finalized for the purchase of a stock of unsecured NPL individual loans afferent to the secondary and financial markets with a face value of approximately € 11.50 million. 

The portfolio consists of 1,047 positions, mainly related to banking and financial contracts. The operation was followed by MyNpl, as an advisor.

Taking into account the press release, we confirm our recommendation: the  target price  €10.00, BUY rating and risk MEDIUM

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