Non-Performing Loans (NPL) Sector
At present, it is Banca IFIS Group’s business area dedicated to non-recourse factoring of non-performing loans. Toscana Finanza SpA, which was bought in May 2011, was merged into Banca IFIS S.p.A. in December 2011.
Toscana Finanza is based in Florence, where it was founded in 1987. In its twenty year history it has stood out for its ability to value and buy important portfolios and to establish a remarkable database containing specific information relating to more than four hundred thousand debtors.
Today it is one of Italy's leading debt buyers, buying mainly non-performing and unsecured loans due from individuals from consumer credit institutions and banks.
The business model is based on its ability to optimise both the purchase and management of receivables.