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UniCredit announces the sale of an Italian SME non performing credit portfolio


UniCredit today has  reached an agreement with Balbec Asset Management ("Balbec") in relation to the disposal on a non-recourse basis (pro-soluto) of a non performing unsecured Italian SME loans credit portfolio.


The portfolio consists entirely of Italian loans with a gross book value of approximately €570



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 Q3 2016 balance sheet.