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UniCredit announces the sale of an Italian non performing legacy portfolio composed by unsecured and secured loans towards small/medium entities and Private Individuals


UniCredit has reached an agreement with IFIS NPL (Banca IFIS Group) in relation to the disposal on a non-recourse basis (pro-soluto) of a legacy non performing unsecured and secured portfolio towards SME and Private Individuals ("the Portfolio").


The Portfolio is composed by non performing exposures owned partially by UniCredit SpA and partially by Arena NPL One S.r.l. (a securitization vehicle transferee of the securitized loans originated by UniCredit, of which the latter holds all the issued Asset Backed Securities).


The Portfolio consists entirely of Italian credits with an aggregate claim value of approximately 537M€ (of which gross book value of approximately 348M€) as of 31.12.2017. The impact will be reflected in the second quarter 2018 financial statements.


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



Milan, July 18, 2018






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