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At the end of last week the US agency Bloomberg had written that the Italian banking group was preparing to sell at least 3 billion euros of non-performing loans in different tranches, explaining that the rumor came from sources familiar with the matter. The Italian bank would be ready to badyze the final offers for the sale of a tranche of unsecured debts of 700 million euros, a plan called Narciso, and plans to complete the sale in July. The institute would also be looking for buyers for two other portfolios, baptized in Turin and Milan, which total 1.8 billion euros.
The package called Milan, Bloomberg writes always, has about 800 million secured SME debt, Turin includes 1 billion euros in loans, mostly unsecured. The bank headed by Jean Pierre Mustier, aims to sell 500 million euros of bad debts in small shares, in this case it is loans to large companies whose strengths have weakened in the past. over time.
Early 2018 Unicredit sold a huge 17.7 billion-pound NPL package and aims for a gross exposure of unproductive loans of 37.9 billion euros by the end of 2019 against 44.6 billion euros at the end of March last year. This is also because Frankfurt goes through the terms of the Addendim de la Bce compared to Npl e and Npe.
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