UniCredit offloads Russian private loans to EOS


UniCredit has today announced it has reached an agreement with EOS on a non-recourse basis to sell a portfolio composed of consumer/car non-performing loans.

The Italian banking giant said the loans were granted by AO UniCredit Bank, its Russian unit, to private individuals customers.

The portfolio consists entirely of Russian loans with a Legal Claim value of approximately €101 million.

The sale is part of UniCredit Group’s on-going strategy to reduce non-performing exposure.

The impact is expected in the accounts of the second half 2018.

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