UniCredit today has reached an agreement with MBCredit Solutions ('MBCS') in relation to the disposal on a non-recourse basis (pro-soluto) of a non performing unsecured consumer credit portfolio, in Italy.

The portfolio consists entirely of Italian unsecured consumer credits with a gross book value of approximately €310 million. The impact will be reflected in the second quarter 2017 financial statements.

UniCredit and MBCS have also reached an agreement for the disposal of up to €140 million of Italian unsecured consumer loans of the same nature, originated in the course of 2017.

The agreement is part of UniCredit's on-going strategy to reduce non performing exposure.

Milan, June 16, 2017

Enquiries

Investor Relations

Tel +39 02 88621872

e mail: investorrelations@unicredit.eu

Media Relations

Tel +39 02 88623569

e mail: mediarelations@unicredit.eu

UniCredit S.p.A. published this content on 16 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 June 2017 15:25:03 UTC.

Original documenthttps://www.unicreditgroup.eu/content/unicreditgroup-eu/en/press-media/press-releases/2017/unicredit-cede-un-portafoglio-di-crediti-in-sofferenza-del-segme.html

Public permalinkhttp://www.publicnow.com/view/51A74A95BEF03EAF4CF426E1457BED73A5F0EE6A