Italfondiario Explained

Italfondiario S.p.A. formerly known as Istituto Italiano di Credito Fondiario, is a bank that specializes in management of non-performing loans.

History

The bank was founded in 1891. In 1999 it was transformed into a bank that specializes in credit management. In 2000 it was acquired by a private fund of Fortress Investment Group. In 2016, it was merged with doBank, a bank 50% owned by Eurocastle Investment, another fund of Fortress.[1]

Notes and References

  1. Web site: DOBANK AGREES TO ACQUIRE 100% OF ITALFONDIARIO. 14 July 2016. 22 April 2017. doBank.