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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.49 | -1.40% | 34.58 | 34.51 | 34.82 | 35.25 | 34.54 | 35.095 | 8,234,527 | 17:00:00 |
From May 2019 to May 2024
By Anthony Shevlin
UniCredit SpA (UCG.MI) said Monday that UniCredit Bank Hungary and UniCredit Jelzalogbank will sell a non-performing credit portfolio of retail mortgages for 44.3 million euros ($52.7 million).
The Italian bank said that the portfolio of Hungarian loans will be disposed of on a non-recourse basis with EOS Faktor Zrt, a locally-licensed Hungarian debt collection company.
The sale is part of the UniCredit group's on-going strategy to reduce non-performing exposure.
The bank said that the impact will be reflected in fourth quarter accounts.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
December 04, 2017 12:15 ET (17:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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