Mestre (Venice), 28th May 2026 – Banca Ifis has signed a binding agreement with Prelios S.p.A. for the sale of 100% of ARECneprix, an asset management company specialized in the management of non-performing loans, real estate assets, and complex transactions, wholly owned by illimity Bank S.p.A. (Banca Ifis Group).
The agreement provides for a consideration of €30 million. Through the transaction, Banca Ifis will achieve a capital benefit of approximately 10 basis points of CET1. At the same time, ARECneprix and illimity Bank have signed a multi-year servicing agreement that will ensure continuity in the management of the Banca Ifis Group’s portfolios following closing, expected by the end of June 2026.
The transaction is part of the broader strategy of the Banca Ifis Group to focus on core activities while ensuring sustainable growth prospects for its non-core assets and the people involved. For Prelios, the transaction strengthens its position as a leading operator in alternative asset management, leveraging complementary expertise and supporting the Group’s growth trajectory.
“The sale of ARECneprix to Prelios represents an important milestone in the enhancement of illimity Bank’s non-core assets and allows us to further strengthen the foundations for its full integration within the Banca Ifis Group. The servicing agreement with Prelios partners us with one of the leading players in the sector and enables us to sharpen our focus on our core business segments”, said Raffaele Zingone, Chief Executive Officer of illimity Bank and Co-General Manager of Banca Ifis.
“The acquisition of ARECneprix strengthens Prelios’ positioning in credit servicing and asset management, integrating a platform with €6.4 billion of assets under management and distinctive expertise in the management of NPE portfolios and real estate. The transaction is based on a shared industrial vision with the Banca Ifis Group and on enhancing the people and professional capabilities that have built ARECneprix, who will become an integral part of our growth journey”, said Riccardo Serrini, CEO of Prelios.
ARECneprix is a company wholly owned by illimity Bank S.p.A. (Banca Ifis Group), 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 125 people, manages assets totaling €6.4 billion, and reported revenues of €29.5 million in 2025. ARECneprix currently operates mainly in two business areas: Credit Management — providing servicing for NPE portfolios and advisory services to banks and leading credit operators — and Asset Management focused on real estate (with a particular emphasis on value-add strategies) for institutional clients.
In parallel with the signing of the agreement, ARECneprix and illimity Bank (Banca Ifis Group) have also agreed on the main terms of a multi-year servicing agreement, as well as on a transitional services arrangement to be provided post-closing. These agreements will become effective upon completion of the transaction.
In the transaction, Banca Ifis was advised by CC&Soci as financial advisor and by BonelliErede as legal advisor.