IBL Banca completed the acquisition of Creditis from the Chenavari Investment Managers.

IBL Banca, the parent company of the homonymous private and independent banking group, completed the acquisition of Creditis, a financial intermediary specialized in consumer credit, from the Chenavari Investment Managers, an alternative fixed income specialist. Financial terms were not disclosed. "We express great satisfaction for the completion of this operation, which represents an important step in our path of expansion in consumer credit and in the diversification of the Group's activities. We are pleased to welcome the Creditis team, with whom we share values, vision and attention to the customer. We are sure that the integration will take place quickly and effectively, generating value for customers, for employees and for the entire IBL Banca Group," Mario Giordano, IBL Banca CEO.