MBCredit Solutions concluded the purchase from Intesa Sanpaolo of the Sherazade portfolio, a stock of unsecured non-performing loans (NPE) with a nominal value of approximately 600 million euro.
The agreement consolidates the Mediobanca Group company's leadership in the NPE retail unsecured segment, which qualifies as the leading operator in the sector in the purchase and management of non-performing loans. In line with the provisions of the Group's three-year plan presented last year, with this transaction MBCredit Solutions accelerates the dimensional growth of the NPE portfolio currently under management and confirms its specialization and leadership in the unsecured retail segment.
The Sherazade portfolio is made up of positions relating to consumer credit agreements, salary-backed loans and credit cards. In total, these are around 65 positions that MBCredit Solutions has evaluated thanks to the ten-year experience gained in the management of similar portfolios.
Francesco Barelli Terrizzi, Chief Executive Officer of MBCredit Solutions, comments as follows: “This agreement confirms the ability of MBCredit Solutions to be a credible and reliable partner for Italian banks in the development of solutions for the management and valorisation of non-performing loans from a industrial and sustainable in the long term”.
As a result of the finalized transactions, the non-performing loan portfolio owned by MBCredit Solutions now has approximately 520.000 positions for a nominal value of approximately €3,5 billion.
