Secured NPLs

BUSINESS LINE DEDICATED TO SECURED NPLs

Real estate funds comprising mortgage-backed non-performing loans.

Bank Asset Fund

The Asset Bancari Fund is an alternative closed-end real estate investment fund reserved for professional investors launched on 27 June 2012.

Investors are leading, all-Italian credit institutions. The objectives of the Fund are: to invest in non-capital real estate assets, to acquire properties from auctions and/or bankruptcy proceedings, used to secure any receivables by the same banks, to use a portion of the Fund's assets to purchase non-performing loans backed by mortgage guarantees.

The Fund's purpose is the professional management and enhancement of its assets so as to increase their initial value and maximize the divisible balance, namely the end net result to be distributed among the shareholders.

All assets are located in Italy.

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Bank Asset Fund II

The Bank Asset Fund II is an alternative closed-end real estate investment fund reserved for professional investors launched on 20 December 2012.

Investors are leading, all-Italian credit institutions. The objectives of the Fund are: to invest in non-capital real estate assets, to acquire properties from auctions and/or bankruptcy proceedings, used to secure any receivables by the same banks, to use a portion of the Fund's assets to purchase non-performing loans backed by mortgage guarantees.

The Fund's purpose is the professional management and enhancement of its assets so as to increase their initial value and maximize the divisible balance, namely the end net result to be distributed among the shareholders.

All assets are located in Italy.

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Bank Asset Fund III

The Bank Asset Fund III is an alternative closed-end real estate investment fund reserved for professional investors launched on 26 June 2013.

Investors are leading, all-Italian credit institutions. The objectives of the Fund are: to invest in non-capital real estate assets, to acquire properties from auctions and/or bankruptcy proceedings, used to secure any receivables by the same banks, to use a portion of the Fund's assets to purchase non-performing loans backed by mortgage guarantees.

The Fund's purpose is the professional management and enhancement of its assets so as to increase their initial value and maximize the divisible balance, namely the end net result to be distributed among the shareholders.

All assets are located in Italy.

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Bank Asset Fund IV

The Bank Asset Fund IV is an alternative closed-end real estate investment fund reserved for professional investors launched on 23 December 2013.

Investors are leading, all-Italian credit institutions. The objectives of the Fund are: to invest in non-capital real estate assets, to acquire properties from auctions and/or bankruptcy proceedings, used to secure any receivables by the same banks, to use a portion of the Fund's assets to purchase non-performing loans backed by mortgage guarantees.

The Fund's purpose is the professional management and enhancement of its assets so as to increase their initial value and maximize the divisible balance, namely the end net result to be distributed among the shareholders.

All assets are located in Italy.

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Bank Asset Fund V

The Bank Asset Fund V is an alternative closed-end real estate investment fund reserved for professional investors launched on 18 December 2014.

Investors are leading, all-Italian credit institutions. The objectives of the Fund are: to invest in non-capital real estate assets, to acquire properties from auctions and/or bankruptcy proceedings, used to secure any receivables by the same banks, to use a portion of the Fund's assets to purchase non-performing loans backed by mortgage guarantees.

The Fund's purpose is the professional management and enhancement of its assets so as to increase their initial value and maximize the divisible balance, namely the end net result to be distributed among the shareholders.

All assets are located in Italy.

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Bank Asset Fund VI

The Bank Asset Fund VI is an alternative closed-end real estate investment fund reserved for professional investors launched on 29 December 2015.

Investors are leading, all-Italian credit institutions. The objectives of the Fund are: to invest in non-capital real estate assets, to acquire properties from auctions and/or bankruptcy proceedings, used to secure any receivables by the same banks, to use a portion of the Fund's assets to purchase non-performing loans backed by mortgage guarantees.

The Fund's purpose is the professional management and enhancement of its assets so as to increase their initial value and maximize the divisible balance, namely the end net result to be distributed among the shareholders.

All assets are located in Italy.

Download PDF