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UniCredit sells Russian non-performing credit portfolio to OOO EOS, part of the EOS Group

UniCredit today announces that, through its subsidiary AO UniCredit Bank (Russia), it has reached an agreement with EOS on a non-recourse basis (pro-soluto) to sell a portfolio composed of consumer/car non-performing loans granted by AO UniCredit Bank to private individuals customers.

 

The portfolio consists entirely of Russian loans with a Legal Claim value of approximately €101 million.

 

The sale is part of UniCredit Group's on-going strategy to reduce non-performing exposure ("NPE").

 

The impact is expected in the accounts of the second half 2018.

 

 

Milan, October 24, 2018

 

 

 

 

Enquiries

 

Investor Relations

Tel +39 02 88621034

e mail: investorrelations@unicredit.eu

 

Media Relations

Tel +39 02 88623569

e mail: mediarelations@unicredit.eu