Edition:
India

UBI Banca Sells EUR 900 Mln Of Bad Loans


Monday, 22 Jul 2019 

July 22 (Reuters) - Unione di Banche Italiane SpA ::SELLS EUR 900 MILLION OF BAD LOANS.€157 MILLION OF BAD LOAN EXPOSURES COME FROM FACTORING AND ABOUT €740 MILLION FROM LEASING.RATIO OF TOTAL GROSS NON-PERFORMING EXPOSURES, CALCULATED ON DATA AT 31.03.2019, DOWN BY 1 PERCENTAGE POINT.BAD LOAN SALE HAS POSITIVE IMPACT ON RWAS (-€450 MILLION).EXPECTS FULL DERECOGNITION OF LEASING PORTFOLIO SOLD BY YEAR-END.IMPACT OF TWO TRANSACTIONS ON IN Q2 WILL BE ABOUT €104 MILLION GROSS (ABOUT €70 MILLION NET) UNDER LOAN WRITEDOWNS.AT CET1 RATIO LEVEL, IMPACT WILL BE OFFSET, WHEN SALES ARE COMPLETED, BY REDUCTION IN RISK WEIGHTED ASSETS. 

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21 Aug 2019