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UniCredit announces the sale of a non-performing credit portfolio

19 October 2016 - h 17:16 Price sensitive

Financial

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