Reinvest obtains Bank of Italy authorisation to operate as an NPL servicer

Reinvest, a leading operator in the credit management and recovery sector, has completed proceedings before the Bank of Italy to obtain authorisation to carry out the activity of non-performing loan servicer pursuant to Article 114.1 et seq. of the Italian Consolidated Banking Act. The regulatory framework implements in Italy the so-called Secondary Market Directive.

The granting of this authorisation — among the first issued in the Italian market — enables Reinvest to further strengthen its position in the NPL sector and expand its operations in the continuously evolving distressed assets market.

The transaction was handled by Gianni & Origoni with a team comprising partner Emanuele Grippo, managing associate Anna Maria Pavone and associate Alessandra Giannetta for Financial Markets matters, as well as partner Domenico Gentile for Banking & Finance aspects.

PwC Italy acted as industrial advisor on the transaction, with a team led by Sara Tenconi.