Illimity Bank S.p.A. reached an agreement to acquire Italian non-performing loans portfolio from UniCredit S.p.A..

illimity Bank S.p.A. (BIT:ILTY) reached an agreement to acquire Italian non-performing loans portfolio from UniCredit S.p.A. (BIT:UCG) on June 30, 2022. The portfolio consists entirely of Italian non-performing exposures with a total gross claim value of approximately €1.3 billion. The impact of disposal will be registered in the second quarter 2022 financial statements.