UniCredit announces that, through its subsidiary UniCredit Bank d.d. Mostar, it has reached an agreement with EOS MATRIX d.o.o., BiH, part of the EOS Group, to on a non-recourse basis (pro-soluto) sell a portfolio composed of secured and unsecured non-performing loans granted by UniCredit Bank d.d. Mostar to SME's and Corporate customers.

The portfolio consists entirely of Bosnian loans with a Legal Claim value of approximately €17,5 million.

The sale is part of UniCredit Group's on-going strategy to reduce non-performing exposure ("NPE").

The impact is expected in the accounts by the end of the 2021.

Milan, 14 October, 2021

Enquiries:

Mediarelations@unicredit.eu

Attachments

  • Original document
  • Permalink

Disclaimer

UniCredit S.p.A. published this content on 14 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 October 2021 09:11:05 UTC.