UniCredit Completes Transfer of NPL Mortgage Portfolio to Prisma
November 05 2019 - 12:48PM
Dow Jones News
By Giulia Petroni
UniCredit SpA (UCG.MI) said Tuesday that it has successfully
completed the transfer of a non-performing mortgage portfolio to
securitization vehicle Prisma SPV Srl.
The transfer has a gross book value of 4.1 billion euros ($4.57
billion), according to the Italian bank.
UniCredit also said it has notified the European Central Bank of
its intention to recognize the transaction as a "significant risk
transfer" under European regulatory rules as of Dec. 31 in
connection with the sale.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
November 05, 2019 12:33 ET (17:33 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Unicredito (PK) (USOTC:UNCFF)
Historical Stock Chart
From Mar 2024 to Apr 2024
Unicredito (PK) (USOTC:UNCFF)
Historical Stock Chart
From Apr 2023 to Apr 2024