Italian listed bank Italease is to launch a new line of property mortgages for the retail sector, the bank announced in a press release. The mortgages, dedicated to entrepreneurs, will finance at fixed rates up to 100% of a property, thanks to the insurance coverage provided by Netherlands-based Genworth Financial.
Italian listed bank Italease is to launch a new line of property mortgages for the retail sector, the bank announced in a press release. The mortgages, dedicated to entrepreneurs, will finance at fixed rates up to 100% of a property, thanks to the insurance coverage provided by Netherlands-based Genworth Financial.
In 2005, Italease was ranked first in the Italian leasing market and third in the brokerage sector, controlling 12.7% of the national market, the Italian newspaper IlSole24Ore reported.
On November 14, the bank acquired the 51% of Kevios, a mortgage broker active in the retail market, for a total investment of EUR 6 mln.
