UniCredit has reached an agreement with a securitisation vehicle managed by KRUK Group in relation to the disposal on a non-recourse basis (pro-soluto) of a non-performing corporate credit portfolio both secured and unsecured, in Italy.

The portfolio consists entirely of Italian Non Performing Exposures with a claim value of approximately € 222 million. The economic impact will be reflected in the last quarter 2021 financial statements through IFRS5.

The agreement is part of UniCredit's on-going strategy to reduce non-performing exposures.

Milan, January 18, 2022

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UniCredit S.p.A. published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2022 15:09:03 UTC.