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
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