“Great energy and professionalism accompanies liquidity in the new path undertaken by Toscana Finanza”. With these words Giovanni Bossi, CEO of the Banca IFIS Group, sums up events between the end of 2011 and the first few weeks of 2012. In detail, the purchase of portfolios worth a total value of around 1,100 million has been finalised. Such transactions have been carried out with the consumer credit divisions of two big international banking groups based in Italy. These are portfolios that have over 100,000 total items representative of credit owed by Italian individuals and, in general, by consumer families. Most credits arose between 2006 and 2009, but various items also ensued in 2010 and even 2011. These credits, for their characteristic of being "