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| 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 | 02:01:15 |
From May 2019 to May 2024
By Pietro Lombardi
UniCredit SpA (UCG.MI) is selling a portfolio of unsecured nonperforming loans with a total gross claim value of roughly 590 million euros ($667.3 million), it said Thursday.
The deal is part of the Italian bank efforts to reduce its nonperforming exposure, it said.
The portfolio is made of Italian Small and Medium Enterprise nonperforming unsecured loans, the lender said.
The bank has reached an agreement with a securitization vehicle managed by J-Invest SpA and with a securitization vehicle managed by Banca Interprovinciale SpA.
"The impact is expected to be reflected in the fourth quarter 2018 financial statements," the bank said
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
November 29, 2018 10:32 ET (15:32 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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