UniCredit Sells Hungary Nonperforming Credit Portfolio

Date : 07/17/2019 @ 8:00AM
Source : Dow Jones News
Stock : Unicredito Spa (PC) (UNCFF)
Quote : 12.04  0.0 (0.00%) @ 9:28PM

UniCredit Sells Hungary Nonperforming Credit Portfolio

Unicredit (BIT:UCG)
Historical Stock Chart

3 Months : From Jul 2019 to Oct 2019

Click Here for more Unicredit Charts.
   By Anthony Shevlin 
 

UniCredit SpA (UCG.MI) said Wednesday that it sold its nonperforming credit portfolio in Hungary to EOS Faktor Zrt. and reached an agreement for a three-years forward flows program.

The Italian bank said the portfolio has a total claim value of around 28 million euros ($31.4 million).

Furthermore, UniCredit's Hungarian subsidiary signed an agreement for a three-years forward flow program on the new nonperforming loans inflows in the mortgages, unsecured consumer, predefined SME loans and overdrawn accounts segments.

The impact of the sale will be reflected in UniCredit's second-quarter accounts.

 

Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin

 

(END) Dow Jones Newswires

July 17, 2019 02:45 ET (06:45 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest UNCFF Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.