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UniCredit announces the sale of a non-performing credit portfolio

 

UniCredit today has reached an agreement with Kruk Group ("Kruk") in relation to the disposal on non-recourse basis (pro-soluto) of a non performing credit portfolio, mainly private individuals claims and residually corporate claims towards small/medium entities, originated by different banks time by time incorporated into UniCredit Group.

 

The portfolio consists entirely of Italian loans with a gross book value of about 940

million Euro.

 

The sale is part of UniCredit's on-going activities to sell non-core assets and strengthen its credit profile.

 

The impact will be reflected in Q4 2016 financial reports.

 

 

Milan, October 19, 2016

 

 

Recent related communications

 

https://www.unicreditgroup.eu/en/press-media/press-releases/2016/unicredit-cede-un-portafoglio-di-crediti-in-sofferenza-del-segme.html

 

https://www.unicreditgroup.eu/en/press-media/press-releases/2016/unicredit-comunica-di-aver-raggiunto-unintesa-per-la-cessione-di.html

 

https://www.unicreditgroup.eu/en/press-media/press-releases/2016/unicredit-nomina-tj-lim-group-deputy-chief-risk-officer.html

 

 

 

Enquiries

 

Investor Relations

Tel +39 02 88621872

e mail: investorrelations@unicredit.eu

 

Media Relations

Tel +39 02 88623569

e mail: mediarelations@unicredit.eu