Alantra acted as advisor to Unicre on the disposal of its non-performing consumer credit exposures in Portugal, with a total gross book value of approximately €150 million. This was prior to the closing of the sale of Unibanco to Novobanco.

Alantra advised Unicre on the sale of its non-performing consumer credit portfolio with a total gross book value of approximately €150 million.

The portfolio comprised all credit card and personal loan agreements more than 90 days past due and marks the first and only competitive sale of Unicre’s loan portfolios. Last year, Unicre announced that it had sold Unibanco, its consumer credit unit, to Novobanco. This has already been given the green light by the Competition Authority.

This transaction represents the final phase of Unicre’s exit from the consumer credit segment and follows the previously announced agreement for the sale of Unicre’s performing consumer credit business to Novobanco, in which Alantra also acts as exclusive financial advisor.

This operation has enabled Unicre to fully dispose of its NPL exposures, maximise recoveries and complete the liquidation of its consumer finance activities, with full recognition of profits in the 2025 financial year.

Original Story:  Jornal Económico | Author: Maria Teixeira Alves
Edition and translation: Prime Yield