NPL Markets advises Unicredit on a EUR 90 Mln NPL Unsecured Porfolio Disposal and on up to EUR 460 Mln Forward Flow agreement for 2023/24
By Gianluca Savelli
Chief Executive Officer
Published Thursday 22 December, 2022
NPL Markets is pleased to announce that it acted as advisor to UniCredit on the sale of: A portfolio of Italian non performing unsecured loans with claim value of approx. Eur 90 m, to a vehicle managed by Kruk SA (“KRUK”) and to Credit Factor SpA; The forward flows of Italian consumer loans that will be classified as bad loans in 2023 and 2024 up to a claim amount of Eur 460 m, to KRUK.
The agreement is part of UniCredit’s on-going strategy to reduce non-performing exposures.
The sale process has been managed via NPL Markets’ online platform, allowing UniCredit to streamline the disposal process and accelerate the deal execution.
Gianluca Savelli NPLM CEO says “We are delighted to have been able to support UniCredit with our technology and advisory capabilities to facilitate Unicredit interaction with a large pool of investors, delivering a smooth and timely deal execution under challenging market conditions”.
NPL Markets’ platform is designed to provide a centralised solution for performing and non performing assets with portfolio data preparation, analytics and reporting, with direct access to an electronic marketplace for buying and selling performing and non-performing loans.
NPL Markets operates in 27 jurisdictions across Europe and the Americas covering all assets classes for performing and non performing loans, connects more than 900 institutional investors and provides reporting and valuation services on over Eur 50bn in AuM.
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