Banco Desio’s Fides Completes €300 Million Securitization

Banco di Desio e Della Brianza SPA ( (IT:BDB) ) has provided an update.

Fides S.p.A., a subsidiary of Banco Desio, has successfully completed a securitization operation worth over 300 million euros, primarily involving loans against the transfer of one-fifth. This operation, structured under Italian law, aligns with Banco Desio’s growth strategy in personal finance and supports Fides’ objectives in its 2024-2026 industrial plan. The issuance of asset-backed securities, divided into senior and junior tranches, reflects the market’s confidence in Banco Desio’s credit quality and business model.

The most recent analyst rating on (IT:BDB) stock is a Hold with a EUR8.00 price target. To see the full list of analyst forecasts on Banco di Desio e Della Brianza SPA stock, see the IT:BDB Stock Forecast page.

More about Banco di Desio e Della Brianza SPA

Established in 1909 and listed on the Milan Stock Exchange since 1995, Banco di Desio e della Brianza S.p.A. is a modern multi-product banking group with a strong regional presence in Northern and Central Italy and Sardinia. The group operates 275 branches and employs over 2,500 people. It is involved in consumer credit through subsidiaries like Fides S.p.A. and Dynamica Retail S.p.A., specializing in loans against the transfer of one-fifth, and also engages in asset management and bancassurance through strategic partnerships.

Average Trading Volume: 110,695

Technical Sentiment Signal: Strong Buy

Current Market Cap: €1.06B

For a thorough assessment of BDB stock, go to TipRanks’ Stock Analysis page.