MBCredit Solutions acquires €204m in consumer credit NPLs from UniCredit

MBCredit Solutions
MBCredit Solutions has acquired a portfolio of non-performing loans deriving from unsecured contracts with clients in the consumer credit business with a nominal value of approx. €124m. MBCredit Solutions and Unicredit have also reached an agreement regarding the sale of a further approx. €80m in non-performing receivables of the same type to be generated from 2Q 2018 to the year-end, for an aggregate nominal amount of approx. €204m. The portfolio consists of approx. 16,000 non-performing positions in respect of consumer credit, credit card and current account positions executed by UniCredit. Francesco Barelli Terrizzi, Chief Executive Officer of MBCredit Solutions, said: “The agreement we have signed confirms that MBCredit Solutions is a reliable industrial partner, able to generate valuee through dedicated and structured management of non-performing assets”. As a result of the transactions finalized, the nominal value of the portfolio of non-performing loans owned by MBCredit Solutions now amounts to approx. €4.4bn. The agreement comes on the back of other similar deals completed with the two leading Italian banks and confirms the growth path undertaken by the Mediobanca Group’s specialist NPL management arm. In the last eighteen months, the portfolio of NPLs managed by MBCredit Solutions has more than doubled. MBCredit Solutions was assisted in the legal aspects of the deal by lawyers Gattai, Minoli, Agostinelli & Partners. Milan, 20 June 2018
20 June 2018

MBCredit Solutions closes two NPL deals with leading consumer credit market operators

Milan, 21 June 2021 - MBCredit Solutions is pleased to announce it has completed three separate acquisitions of NPLs from leading Italian banking institutions, with an aggregate value of €200m. In particular, an agreement has been reached with UniCredit to acquire two portfolios of unsecured retail loans, in partly litigated, with a combined nominal value of €165m, thus further consolidating the company’s relationship with UniCredit. The portfolios acquired also include receivables in arrears still outstanding originated by mortgages for which the asset has already been sold, a segment in which MBCredit Solutions has developed a consolidated track record as a result of its previous acquisitions. Finally, MBCredit Solutions has also completed its first acquisition from another leading bank, involving a portfolio of unsecured retail and corporate loans with a combined nominal value of € 33m, thus further expanding the range of operators with which it works, and confirming the company’s position as a partner of choice for the Italian banking sector.