Aigis Banca was placed in compulsory administrative liquidation by the Ministry of Economy and Finance. The Bank of Italy, which appointed the liquidator, approved the sale of its assets, liabilities and legal relationships to Banca Ifis. The commissioner of Aigis Banca today signed the definitive deed of sale with Banca Ifis.
This was announced by Banca Ifis, announcing that the terms and conditions of the intervention aimed at guaranteeing the depositors of Aigis Banca have been shared with the Interbank Deposit Protection Fund. «The intervention of Banca Ifis makes it possible to avoid the serious social and economic consequences caused by the situation that has arisen in Aigis Banca, as a consequence of the latter’s exposure to Greensill Bank AG, which has been in insolvency proceedings since March 2021. Banca Ifis’s intervention will take place protecting the savings of retail customers, guaranteeing the continuity of loans to businesses and safeguarding the employment of the people who work there », explains the CEO. by Banca Ifis Frederik Geertman. This is the first operation under the guidance of the CEO. appointed at the end of April, who added: «Aigis Banca is focused on credit to small and medium-sized enterprises and collects through remunerated current accounts and deposit accounts. The similarity with Banca Ifis’ activities will allow us to effectively manage the integration process ».
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As part of the intervention, the Interbank Fund will make available resources for a total of 48.8 million, an amount that includes the cash allocation for carrying out the compulsory administrative liquidation (1.2 million euros) and the issue of guarantees on the loan portfolio (€ 9 million). “With this operation, the Fund, with a spirit of responsibility, once again provided its contribution to safeguard the banking company, to protect depositors and other creditors, avoiding disruptive solutions”, underlines the president, Salvatore Maccarone.