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Home > Company Index > Banking > Banking - Europe > Istituto Italiano di Credito Fondiario S.p.A.

Istituto Italiano di Credito Fondiario S.p.A.
 PROFILE
Istituto Italiano di Credito Fondiario (Italfondiario) is fond of real estate. The bank provides medium- and long-term credit for real estate development. In addition to writing real estate loans, Italfondiario also makes agricultural loans and finances utilities and public works projects. Subsidiaries of the bank offer real estate brokerage and management. Italfondiario's fondness for real estate might be its undoing. Burdened with bad loans, the bank securitized a chunk of its non-performing mortgages, and NatWest is set to buy the bank from Banca Centrale di Credito Popolare (Centrobanca), which owns more than half of it.

 COMPETITION
IntesaBci S.p.A. (BIN)
Sanpaolo IMI S.p.A. (IMI)
UniCredito Italiano S.p.A. (UC)

 KEY PEOPLE
• Fulvio Russello
    CEO
• Stefano Polachek
    CFO

 CONTACT INFO
Via Piacenza, 6
00184 Rome, Italy
Phone: 39-06-4797-1
Fax: 39-06-4884-140

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