UniCredit announces the sale, through its subsidiary UniCredit Banka Slovenia, of a Slovenian non performing credit portfolio composed of secured/unsecured loans granted to corporate and private individual customers.

UniCredit announces it has reached an agreement with B2 KAPITAL in relation to the disposal on a non-recourse basis (pro-soluto) of a portfolio composed of secured/unsecured non-performing loans granted to corporate and private individual customers.

The portfolio consists entirely of Slovenian loans with a gross book value of approximately €110 million.

The sale is part of UniCredit Group's on-going activities to sell non-core assets and strengthen its credit profile.

The impact will be reflected in fourth quarter 2016 balance sheet.

Source: Unicredit statement