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IF Banca IFIS Spa

21.34
0.24 (1.14%)
23 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Banca IFIS Spa BIT:IF Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.24 1.14% 21.34 21.22 21.48 21.50 21.08 21.14 84,363 02:01:01

UniCredit Sells EUR840 Million Bad-Loan Portfolio

22/07/2020 2:14pm

Dow Jones News


Banca IFIS (BIT:IF)
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From Jul 2019 to Jul 2024

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   By Pietro Lombardi 
 

UniCredit SpA is selling a portfolio of nonperforming loans with a claim value of about 840 million euros ($968.4 million).

The Italian bank said Wednesday that the portfolio is made of Italian small-and-medium enterprise nonperforming unsecured loans and the impact of the sale is already included in the second-quarter results.

Banca IFIS SpA has bought part of the portfolio, with claim value of about EUR486 million. The remaining portion was acquired by GAIA SPV, a securitization vehicle controlled by Barclays PLC and Guber Banca SpA.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10

 

(END) Dow Jones Newswires

July 22, 2020 08:59 ET (12:59 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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