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 unsecured non-performing loans portfolio of €1.1 billion

UniCredit announces today an agreement with a securitisation vehicle financed by SPF Investment Management, L.P. in relation to the sale of an Italian Small and Medium Enterprise non-performing unsecured loans portfolio, on a non-recourse basis (pro-soluto).

 

The portfolio consists of granular Italian exposures (small tickets) with total gross claim value of approx. € 1.1 billion.

 

The impact is already accounted in the second quarter 2019 financial statements.

 

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

 

 

Milan, 25 July 2019

 

 

 

 

Enquiries

 

 

Investor Relations

Tel +39 02 88621028

e mail: investorrelations@unicredit.eu

 

Media Relations

Tel +39 02 88623569

e mail: mediarelations@unicredit.eu