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Ubi Banca to sell an NPL portfolio for 800 million by the end of the year

11 November, Bebeez

Ubi Banca is currently considering the transfer of a non-performing portfolio consisting of residential mortgages for a gross value of 800 million euro using the State guarantee. The operation is expected by the end of the year.

Following the transaction, the bank’s Npe ratio will reduce to 8%. Meanwhile, Ubi Banca is continuing with its credit collection internal activity to reduce the NPL stock further.

Source: Bebeez

Translator: Cristina Ambrosi

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