Every year banks sell portfolios of non-performing loans. Iason selects them and follows their management.

Iason operates in the market for non-performing bank loans: it identifies and values portfolios, supports the structuring of their acquisition through securitisation vehicles and follows their management throughout the recovery cycle.

Information page on the activity of Iason. It does not constitute a public offer or a solicitation to invest.

01 · About us

A market continuously fed by bank disposals. An operator overseeing the whole chain.

When a loan stops being repaid, it becomes a burden on the lender's balance sheet. For those able to manage it, it becomes a portfolio to follow with method. Iason identifies and values portfolios of non-performing bank loans sold by banks and other regulated lenders, supports the structuring of their acquisition through securitisation vehicles established under Law 130/1999 and follows their management throughout the recovery cycle, entrusted to an authorised servicer.

01

What we select

Portfolios of non-performing loans of banking origin: thousands of small-ticket positions, sold periodically by banks and other regulated lenders.

02

How they are acquired

Through securitisation vehicles established under Law 130/1999, which are the seller's counterparty. Iason handles identification and valuation and supports the structuring of the transaction.

03

Who manages recovery

Recovery is entrusted to a servicer entered in the register under Art. 106 of the Italian Banking Act (TUB), as required by Law 130/1999, which may rely on operators holding a licence under Art. 115 of the Public Security Act for out-of-court activities. Iason receives the reporting on the portfolio's progress and reviews it position by position.

04

How recovery works

Recovery proceeds progressively: many positions are settled through solutions agreed with the debtor, such as repayment plans or discounted settlements, out of court; the remaining cases proceed through the courts.

We select the portfolio. And we follow its management, position by position.

The same company that identifies, values and supports the structuring of the transaction reviews every position throughout the recovery cycle, in constant dialogue with the servicer. A single point of oversight along the whole chain.

02 · The market

An asset class with rules of its own.

This is no passing phase: European rules push banks to keep selling loans that are no longer being repaid. Selecting and managing these portfolios is specialist work that requires method, data and constant oversight.

Valuation

Portfolios are sold at a price below face value, reflecting both expectations and uncertainties about recovery. We value every lot on documented and verifiable assumptions; the actual outcome of recovery depends on factors that cannot be determined in advance.

Management

The progress of each position depends on the solutions agreed with debtors and on recovery actions: that is why operational oversight is decisive.

Granular portfolios

Thousands of small-ticket positions across different regions: every portfolio is analysed in its composition, not as an aggregate.

Continuity across the whole cycle

Iason follows every transaction from portfolio selection to the end of the recovery cycle: whoever values the lot is the one who reviews its management.

03 · How we work

From selection to the end of the cycle, in four steps.

A process overseen at every stage by the same team: whoever selects a portfolio follows its management to the end of the recovery cycle.

01

Selection

We analyse portfolios sold by banks and other regulated lenders: vintage, documentation, geographical spread, recoverability.

Portfolio analysis
02

Valuation

We value every lot on documented recovery assumptions, with models built on collection curves observed in the market.

Documented assumptions
03

Acquisition

We support the structuring of the acquisition through a securitisation vehicle established under Law 130/1999, which is the seller's counterparty.

Dedicated vehicle
04

Recovery and monitoring

Recovery is entrusted to the servicer; we review the reporting on every position on a regular basis.

Every position reviewed
04 · Who we work with

Along the whole credit chain.

We work with those who originate bank loans and those who manage their recovery: banks, other regulated lenders and servicers.

Banks

They periodically sell non-performing loans to lighten their balance sheets and meet regulatory requirements.

Other regulated lenders

They sell portfolios of small-ticket loans, generated by thousands of loans to households and businesses.

Servicers

Authorised entities entrusted with the management of non-performing loans; Iason reviews the progress of those loans on a regular basis.

05 · Frequently asked questions

What we get asked about Iason.

Iason is a company based in Rome, registered with the Companies Register of Rome (tax code and registration no. 18617101003), operating in the market for non-performing bank loans: it identifies and values portfolios, supports the structuring of their acquisition through securitisation vehicles and follows their management throughout the recovery cycle.

It selects portfolios sold by banks and other regulated lenders, values them, supports the structuring of their acquisition through a securitisation vehicle and follows their management, entrusted to an authorised servicer, reviewing the reporting on every position.

Non-performing loans of banking origin: thousands of small-ticket positions, spread across different regions.

Recovery is entrusted to a servicer entered in the register under Art. 106 of the Italian Banking Act, as required by Law 130/1999, which may rely on operators holding a licence under Art. 115 of the Public Security Act for out-of-court activities. Iason receives the reporting on the portfolio's progress and reviews it position by position.

No. Iason is not a financial intermediary entered in the register under Art. 106 of Legislative Decree 385/1993, is not registered with the OAM (Italian register of credit agents and brokers) and does not carry out credit brokerage, does not provide investment services and activities, does not provide investment advice, does not place financial instruments and does not collect savings from the public. This page is for information purposes only.

Iason is the data controller. The site collects no data through forms: if you write to us by email, we use your data only to reply. Details in the Privacy Notice.

For information, write to us.

For any information on the activity of Iason, write to us at

info@iasonspa.com

If you have received a notice concerning an assigned loan, please contact the servicer named in the notice: Iason does not handle debtor relations directly.

Privacy Notice

Provided pursuant to Art. 13 of Regulation (EU) 2016/679 ("GDPR") and Legislative Decree 196/2003, as amended by Legislative Decree 101/2018. Version 1.0 · 2 November 2026.

1. Data controller

Iason SpA, registered office at Viale Luigi Schiavonetti 278, 00173 Rome (RM), Italy, Companies Register of Rome, tax code and registration no. 18617101003 · VAT IT18617101003 · REA RM-1795823. For information requests: info@iasonspa.com. For legal communications: certified email (PEC) iasonsrl@legalmail.it. The Controller has not appointed a Data Protection Officer.

2. Data processed

The site contains no data collection forms. The following are processed: (a) data the data subject provides by writing to the email address indicated (name, email address and any other data included in the message); (b) technical browsing data necessary for the site to work (e.g. IP address in the hosting provider's logs); (c) data processed through the technical tools described in the Cookie Policy (security cookies). The site does not collect special categories of data (Art. 9 GDPR). Data of assigned debtors are processed within the securitisation transactions under the Art. 14 GDPR notices provided by the vehicle and the servicer.

3. Purposes and legal bases

PurposeLegal basisProvision of data
Replying to information requests sent by emailArt. 6(1)(b) GDPR – steps taken at the data subject's request – and 6(1)(f) – legitimate interest in replying to communications receivedOptional: without it we cannot reply
Ensuring the operation and security of the siteArt. 6(1)(f) – legitimate interestNecessary for browsing
Establishing, exercising or defending legal claims and complying with legal obligationsArt. 6(1)(c) (legal obligations) and, alternatively, 6(1)(f) (defence of legal claims)—

No profiling or automated decision-making is carried out (Art. 22 GDPR).

4. Recipients and processors

Data is neither disseminated nor sold to third parties for commercial purposes. The updated list of processors is available on request.

5. Retention

6. Data subject rights

Access, rectification, erasure, restriction, portability and objection (Arts. 15–22 GDPR), by writing to info@iasonspa.com or, for communications with legal value, to the certified email (PEC) iasonsrl@legalmail.it. The right to object may be exercised at any time, by separate request (Art. 21 GDPR). A complaint may be lodged with the Italian Data Protection Authority (Garante per la protezione dei dati personali, www.garanteprivacy.it).

7. Updates

This notice may be updated; the current version is always published on this page with its date.

This is a courtesy translation. In the event of any discrepancy, the Italian version prevails.

Cookie Policy

Notice provided pursuant to Art. 122 of Legislative Decree 196/2003 and the Italian Data Protection Authority's Guidelines of 10 June 2021. Controller: Iason SpA – information: info@iasonspa.com; legal communications: certified email (PEC) iasonsrl@legalmail.it. Version 1.0 · 2 November 2026.

What we use

CategoryToolPurposeDurationConsent
Technical__cf_bm (Cloudflare)Website security and protection30 minutesNot required

Cloudflare, Inc. – notice: https://www.cloudflare.com/cookie-policy/. Where a security check is performed, the technical cookies cf_clearance (duration as configured, normally 30 minutes), __cfruid and _cfuvid (session) may be set.

The site does not use profiling or marketing cookies, nor statistical measurement tools, whether its own or third-party. For this reason no consent banner is shown. The site's font is served from the site's servers and involves no communication with third parties.

Managing your preferences

You can delete cookies at any time from your browser settings. Should non-technical tools be introduced in the future, they will only be activated with prior consent and this notice will be updated.

This is a courtesy translation. In the event of any discrepancy, the Italian version prevails.

Terms of use

Version 1.0 · 2 November 2026. Access to and use of this page (the "Site"), published by Iason SpA (Viale Luigi Schiavonetti 278, 00173 Rome (RM), Italy; Companies Register of Rome, tax code and registration no. 18617101003 · VAT IT18617101003 · REA RM-1795823), are subject to these terms. If you do not accept them, please do not use the Site.

1. Nature of the information

The contents of the Site are for information purposes only and describe in general terms the activity of Iason SpA.

2. No offer

Nothing on the Site constitutes a public offer, solicitation to invest, collection of savings from the public, contractual proposal, recommendation or investment, legal or tax advice. Iason SpA is not a financial intermediary entered in the register under Art. 106 of Legislative Decree 385/1993, is not registered with the OAM and does not carry out credit brokerage, does not provide investment services and activities, does not provide investment advice, does not place financial instruments and does not collect savings from the public.

3. Intellectual property

Texts, graphics, the "Iason" mark and all other content of the Site are owned by Iason SpA or their respective owners. Reproduction, in whole or in part, without written authorisation is prohibited.

4. Limitation of liability

Iason SpA endeavours to keep the Site's contents up to date but does not guarantee their completeness, accuracy or currency and is not liable for decisions taken on the basis of such contents, save in cases of wilful misconduct or gross negligence. The Site may contain links to third-party websites, for whose content Iason SpA is not responsible.

5. Personal data and cookies

The processing of personal data is governed by the Privacy Notice and the Cookie Policy.

6. Governing law and jurisdiction

These terms are governed by Italian law. The Court of Rome has exclusive jurisdiction over any dispute, without prejudice to any mandatory jurisdiction provided by law. In relations with consumers, the court of the consumer's place of residence or domicile has jurisdiction.

7. Contacts

For information requests: info@iasonspa.com. For legal communications, including those relating to these terms: certified email (PEC) iasonsrl@legalmail.it.

8. Amendments

Iason SpA may amend these terms at any time; the current version is published on the Site with its date. Amendments take effect on publication and are not retroactive.

This is a courtesy translation. In the event of any discrepancy, the Italian version prevails.