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UCG Unicredit Spa

38.99
0.155 (0.40%)
12 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Unicredit Spa BIT:UCG Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.155 0.40% 38.99 38.87 39.00 39.28 38.705 38.895 4,964,616 02:01:22

UniCredit Sells $1.36 Billion Nonperforming Loans Portfolio to Illimity Bank

30/06/2022 7:54am

Dow Jones News


Unicredit (BIT:UCG)
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From Dec 2021 to Dec 2024

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By Pierre Bertrand

 

UniCredit SpA said Thursday that it has reached an agreement with Illimity Bank SpA to sell a mixed nonperforming loans portfolio worth roughly 1.3 billion euros ($1.36 billion).

The Italian bank said the impact of the sale would be registered in its financial statements for the second quarter.

The company said the sale falls within its strategy to reduce nonperforming exposures.

 

Write to Pierre Bertrand at pierre.bertrand@wsj.com

 

(END) Dow Jones Newswires

June 30, 2022 02:39 ET (06:39 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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