UniCredit announces the sale, through its subsidiary UniCredit Banka Slovenia, of a Slovenian non performing credit portfolio composed of secured/unsecured loans granted to corporate and private individual customers
UniCredit announces it has reached an agreement with B2 KAPITAL in relation to the disposal on a non-recourse basis (pro-soluto) of a portfolio composed of secured/unsecured non-performing loans granted to corporate and private individual customers.
The portfolio consists entirely of Slovenian loans with a gross book value of approximately €110 million.
The sale is part of UniCredit Group's on-going activities to sell non-core assets and strengthen its credit profile.
The impact will be reflected in fourth quarter 2016 balance sheet.
Milan, December 21, 2016
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