Share this event on:

  • LinkedIn

Recomend this page

Thank you, we sent your recommendation to the desired recipient.

Sorry, this functionality is not available right now.
Please try with this link. Thank you.

UniCredit announces the sale of an Italian Small Medium Enterprise secured non-performing loans portfolio

UniCredit announces today an agreement with a securitisation vehicle managed by Illimity S.p.A. ("Illimity"). The agreement concerns the disposal of an Italian Small and Medium Enterprise non-performing secured loans portfolio, on a non-recourse basis (pro-soluto).

 

The portfolio consists entirely of Italian exposures with a total gross claim value ("Claim Value") of approximately € 730 million.

 

The impact will be accounted in the third quarter 2019 financial statements.

 

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

 

 

Milan, 27 September 2019

 

 

 

Enquiries

 

 

Investor Relations

Tel +39 02 88621028

e mail: investorrelations@unicredit.eu

 

Media Relations

Tel +39 02 88623569

e mail: mediarelations@unicredit.eu