UniCredit: says non-performing loans portfolio 'adequate'
(CercleFinance.com) - UniCredit considers its exposure to non-performing loans as "fully adequate", Italy's biggest bank said on Wednesday.
In a statement, UniCredit said that it has reduced its non performing exposure (NPE) portfolio by over 36 billion euros between the third quarter of 2016 and the third quarter of 2018.
As a result, its core bank NPE ratio is now 4.3%, in line with peers, according to European Banking Authority (EBA)'s guidelines.
UniCredit shares are currently up 2.6% at 10.3 euros in Milan after this news.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
In a statement, UniCredit said that it has reduced its non performing exposure (NPE) portfolio by over 36 billion euros between the third quarter of 2016 and the third quarter of 2018.
As a result, its core bank NPE ratio is now 4.3%, in line with peers, according to European Banking Authority (EBA)'s guidelines.
UniCredit shares are currently up 2.6% at 10.3 euros in Milan after this news.
Copyright (c) 2019 CercleFinance.com. All rights reserved.