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UniCredit announces the sale of an Italian Consumer unsecured non performing credit portfolio


UniCredit today has  reached an agreement with MBCredit Solutions ("MBCS")  in relation to the disposal on a non-recourse basis (pro-soluto) of a non performing unsecured consumer credit  portfolio, in Italy.

 

The portfolio consists entirely of Italian unsecured consumer credits with a gross book value of approximately €310 million. The impact will be reflected in the second quarter 2017 financial statements.

 

UniCredit and MBCS have also reached an agreement for the disposal of up to €140 million of Italian unsecured consumer loans of the same nature, originated in the course of 2017.

 

The agreement is part of UniCredit's  on-going strategy to reduce non performing exposure.

 

 

Milan, June 16, 2017

 

 

 

Enquiries

 

Investor Relations

Tel +39 02 88621872

e mail: investorrelations@unicredit.eu

 

Media Relations

Tel +39 02 88623569

e mail: mediarelations@unicredit.eu