MBCredit Solutions acquires two NPL portfolios for a total nominal amount of €335m

MBCredit Solutions
Angelo Piazza, MBCredit Solutions CEO says: “The NPL market continues to be extremely dynamic"
09 July 2020

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.