Banca Italease, the bank rocked by â¬610m ($889m) worth of derivatives contract losses last summer, is receiving a â¬400m loan injection from two Italian banks in a bid to fund its growth.
Banca Italease, which is a lender in lease finance, specialising in art, yachts and luxury cars, said in a statement last night that it had âperfected two important bilateral financing agreementsâ with UniCredit Banca dâImpresa and the Italian branch of Natixis for â¬400m.
