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UniCredit: to sell stake in bad loans portfolio
(CercleFinance.com) - UniCredit has entered into a series of agreements to reduce its position in the Fino portfolio of bad loans to below 20%, the Milan-based lender said on Tuesday.
The plan to sell down its position in the portfolio to below 20% was first communicated at the Italian bank's 2016 Capital Markets Day. UniCredit expects a net positive impact of 10 basis points on its common equity tier 1 (CET1) capital ratio after these measures. Copyright (c) 2017 CercleFinance.com. All rights reserved. |
19/04/2024 18:06
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