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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



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