Italy's UniCredit partners with bad loan specialist Prelios
Italian banking group UniCredit has reached an agreement with bad loan specialist Prelios for the specialised management of UTP loans.
Source: retailbankerinternational.com
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Hines and Accor Announce Plans For a Hotel in The Unione 0 Area of Milanosesto
Hines, the global real estate firm, and Accor, a world leader in the hospitality sector, announce plans for a hotel at MilanoSesto via an agreement with the “Unione 0” real estate fund.
Source: hospitalitynet.org
Servicer of the Year (NPLs) — Prelios
“The ability to innovate is the leitmotif of our history,” says Fabio Panzeri, CEO of Prelios Credit Servicing and General Manager Servicing and Operations at Prelios Group. Prelios was the first and fastest servicer to get into the GACS (Garanzia Cartolarizzazione Sofferenze) market when the Italian government introduced the NPL securitization guarantee scheme in 2016, and now boasts a market share of about 35%. Its financial results in 2020 were, in the context of the Covid-19 crisis and the subsequent closure of the courts system, extraordinary. Panzeri says that’s because it takes a...
Source: globalcapital.com