Hoist Finance further strengthens position in SME-segment
Hoist Finance has acquired an additional portfolio from Banco BPM. The portfolio is similar to the SME-portfolio acquired in October 2016 and consists of approximately 1,800 claims with a nominal value of 641 million euros. This is the fourth portfolio Hoist Finance acquires from the seller. Emanuele Reale, Head of Sales, Hoist Finance Italy, describes the acquisition as a proof of Hoist Finance’s strong position in the Italian market and the successful expansion in unsecured non-performing claims from small-and-medium sized enterprises (“SMEs”). “The Italian banking sector is