trending Market Intelligence /marketintelligence/en/news-insights/trending/_C6hWsAAFWC42G-D7lVZ8w2 content esgSubNav
In This List

UBI Banca completes sale of bad loan portfolio

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade


UBI Banca completes sale of bad loan portfolio

Unione di Banche Italiane SpA said it completed the sale of a portfolio of bad loan lease positions announced in July.

Following the completion of the disposal of the portfolio, the Italian lender's pro forma ratio of gross nonperforming exposures, inclusive of the operation to sell bad loan residential mortgages on Dec. 16, declined to roughly 8.2% on figures as of Sept. 30.

UBI Banca noted that the sale of the second tranche of the bad loan leasing portfolio will not have further negative effects on profit and loss, compared to Sept. 30.