Ughi e Nunziante with BBVA in the transfer of a portfolio of receivables worth 97 million Euro

With a team composed of senior associate Benedetto Colosimo and associate Pietro Pastorello, as well as partners Marcello Gioscia and Gianluigi Pugliese, Ughi e Nunziante assisted Banco Bilbao Vizcaya Argentaria (Bbva) and its Italian subsidiary Bbva Finanzia in the transfer from the latter to Link Financial Group of a portfolio of performing and sub-performing receivables worth 97 million euro in total. Such transfer falls within the wider framework of a securitization.

Ughi e Nunziante assisted Bbva from the start of the arrangement of the transaction, and subsequently went ahead with the drafting and negotiation of the relevant contracts.

The portfolio mainly consists of unsecured credits deriving from loan agreements entered into between Bbva Finanzia and natural persons or entrepreneurs.