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UCG Unicredit Spa

34.195
-0.705 (-2.02%)
03 May 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
  -0.705 -2.02% 34.195 34.15 34.41 35.12 33.845 35.005 8,554,215 17:00:00

UniCredit Sells EUR203.3 Million Bad-Loan Portfolio in Croatia

20/09/2019 7:44am

Dow Jones News


Unicredit (BIT:UCG)
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   By Pietro Lombardi 
 

UniCredit SpA's (UCG.MI) Croatian subsidiary Zagrebacka banka has signed an agreement with DDM for the sale of a bad loan portfolio with a claim value of 203.3 million euros ($224.6 million).

The sale is part of the Italian bank's plan to reduce its nonperforming exposures, it said Friday.

The portfolio consists of loans to individual customers, as well as to small and medium-sized firms.

 

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

 

(END) Dow Jones Newswires

September 20, 2019 02:29 ET (06:29 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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