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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Illimity Bank SpA | BIT:ILTY | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.004 | 0.11% | 3.734 | 3.70 | 3.798 | 3.78 | 3.708 | 3.742 | 494,527 | 16:40:00 |
From Jan 2020 to Jan 2025
By Mauro Orru
UniCredit SpA said Wednesday that it has agreed to sell a portfolio of Italian unlikely-to-pay exposures to Illimity Bank SpA.
The Italian bank said the small-and-medium-enterprise secured UTP portfolio has exposures with a gross claim value of around 153 million euros ($180.8 million).
The deal is part of UniCredit's strategy to reduce nonperforming exposures. During the year, UniCredit and Illimity Bank reached separate agreements for the disposal of portfolios of small- and medium-enterprise nonperforming secured loans.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
November 11, 2020 03:42 ET (08:42 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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