Finance

Banca Ifis completes the sale of ARECneprix to Prelios

The sale of ARECneprix, valued at €30 million, is aimed at supporting the company’s further development and enhancing its expertise and professional capabilities within a specialized industrial group;
The transaction generates a capital benefit for Banca Ifis of approximately 10 basis points of CET1;
A multi-year servicing agreement has been signed to ensure operational continuity.

Mestre (Venice), 30^th June 2026 – Today, Banca Ifis completed the sale of 100% of ARECneprix to Prelios S.p.A., the asset management company specialized in managing non-performing loans, real estate assets, and complex transactions. Prior to the transaction, ARECneprix was wholly owned by illimity Bank S.p.A. (Banca Ifis Group).

The sale, for a consideration of €30 million, has generated a capital benefit for Banca Ifis of approximately 10 basis points of CET1. Simultaneously with the completion of the transaction, ARECneprix and illimity Bank (Banca Ifis Group) entered into a multi-year servicing agreement designed to ensure continuity in the management of the Banca Ifis Group’s portfolios.

The agreement is part of the Banca Ifis Group’s strategy of focusing on its core activities while enhancing the value of distinctive assets and expertise within specialized industrial platforms. In addition, through the multi-year servicing agreement, Banca Ifis optimizes its operational and capital profile by leveraging an industrial partnership with a leading market operator, while ensuring continuity in portfolio management. For Prelios, the transaction strengthens its position in the alternative asset management sector by integrating complementary capabilities and supporting the Group’s growth trajectory.

ARECneprix is a company specialized in the management of non-performing loans, real estate assets, and complex transactions, established in 2023 through the merger of neprix and AREC. The company employs 117 people, manages €6.4 billion in assets, and reported revenues of €29.5 million in 2025. ARECneprix currently operates primarily in two business areas: i) Credit Management, providing servicing activities for NPE portfolios and advisory services to banks and leading credit market operators; ii) Asset Management, focused on real estate investments (with a particular emphasis on value-add strategies) for institutional clients.

In the transaction, Banca Ifis was advised by CC&Soci as financial advisor and by BonelliErede as legal advisor.

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