An important acquisition for Banco di Desio
Banco di Desio e della Brianza recently announced that it has completed the acquisition of credits worth about 101 million euros from Sigla S.r.l. This transaction includes about 7,000 credit agreements deriving from loans to private customers, guaranteed by the transfer of the fifth of the salary and the delegation of payment. This is a significant step for the banking institution, which aims to strengthen its position in the consumer lending market.
Revenue diversification strategies
The acquisition is part of the strategic lines outlined in the “Beyond 2026″ business plan. This plan involves a series of initiatives aimed at diversifying the institution’s sources of revenue, while reducing capital absorption. Consumer lending activities, already managed by the subsidiaries Fides and Dynamica, represent a growing and strategic sector for the future of Banco di Desio. The transaction not only expands the institution’s credit portfolio, but it also helps to stabilize revenues in an uncertain economic environment
.
Legal assistance and future prospects
To complete this transaction, Banco Desio received legal assistance from Allen&Overy, a well-known international law firm. Collaboration with industry experts has ensured that all phases of the acquisition were managed efficiently and in compliance with current regulations. Looking to the future, the institute is preparing to implement strategies that will not only improve its service offering, but that will also contribute to greater financial stability, in an increasingly competitive market
.
