Unicredit remains the best of FTSEMib



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unicredit-Gae Aulenti-Super headquarters for Unicredit. At 11:25, the title of the institute led by Jean-Pierre Mustier was up 2.82% and 10.346 € and recorded the best performance of the day at FTSEMib.

Before the start of negotiations, Unicredit provided some clarifications to recent media reports on the ECB's non-binding recommendation to all banks under the direct supervision of the Single Supervisory Mechanism (SSM) on the coverage of secured and unsecured loans. The institute believes that the regulatory dialogue with the ECB can have a small impact (at a single figure in terms of basis points) on CET1 as regards the additional coverage of its stock of impaired loans, for each year up to the year. To 2024, date indicated by the ECB in its communication. Unicredit recalled that as of the third quarter of 2016, it had reduced the portfolio of non-performing loans by more than 36 billion euros (data updated in the third quarter of 2018). As a result, the ratio of gross impaired loans to total "Core Group" loans was 4.3% in the third quarter of 2018, which is in line with the average of the sample of the Group. # 39; EBA. Unicredit added that it had committed to cancel the non – core portfolio by 2021.

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