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
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
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