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.
Translator: Cristina Ambrosi