Creditech acquires 150 mln euro of NPL

MBCredit Solutions

The two porfolios were purchased from Banco Desio and Banca Popolare di Spoleto.

27 December 2016

Creditech has finalized the purchase of two non-perfoming loan portfolios from Banco Desio and Banca Popolare di Spoleto.

The acquired portfolios have a total nominal value of €150 mln and consist of both retail and corporate loans.

With this transaction Creditech has strenghtened its presence in the non-performing loan management segment, in line with Mediobanca’s three-year strategic plan” commented Francesco Barelli Terrizzi, Creditech’s General Manager. “Moreover, it enhances our company as a valued partner serving banks and financial institutions in the evaluation and management of distressed loans”.

As a result of all the finalized transactions Creditech’s non-performing loan portfolio is worth around 350.000 positions, amounting to nearly €2 bn of total nominal value.

The operation was coordinated by Gattai, Minoli Agostinelli & Partners’s.

 

Milan, 27th December 2016

Back to news