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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 Italian Non-Performing Loans Portfolio to Illimity Bank

21/10/2020 5:14pm

Dow Jones News


Unicredit (BIT:UCG)
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By Olivia Bugault

 

UniCredit SpA said Wednesday that it has agreed to sell a portfolio of small- and medium-enterprise non-performing secured loans to Illimity Bank SpA.

The portfolio consists of Italian exposures with a total gross claim value of roughly 692 million euros ($818.2 million), the Italian bank said.

UniCredit added that the disposal is already accounted in the results of its third quarter.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

October 21, 2020 11:59 ET (15:59 GMT)

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

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