Historical Stock Chart
3 Months : From Jul 2019 to Oct 2019
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 email@example.com; @anthony_shevlin
(END) Dow Jones Newswires
July 17, 2019 02:45 ET (06:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.