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UniCredit announces the sale to Guber, Barclays and IFIS of an unsecured non performing Italian leasing credit portfolio by UniCredit Leasing SpA

UniCredit announces an agreement with Guber Banca and Barclays Investments Bank and Banca IFIS for the disposal of an unsecured non performing Italian leasing loans portfolio, on a non-recourse basis (pro-soluto).

The portfolio consists entirely of Italian exposures with a gross claim value of approximately € 154 million as of 30 June 2019.The impact is expected to be reflected in the fourth quarter 2019 financial statements.

 

Guber Banca and Barclays Investments Bank have bought, through a securitisation vehicle "SPV", a portion of the portfolio with a Claim Value of approximately € 112 million and Banca IFIShas bought approximately € 42 million.

 

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

 

 

Milan, 16 December 2019

 

 

 

Enquiries

 

Investor Relations

Tel +39 02 88621028

e mail: investorrelations@unicredit.eu

 

 

Media Relations

Tel +39 02 88623569

e mail: mediarelations@unicredit.eu