UniCredit is seeking to sell a part of its non-performing loan portfolio (NPL), The Wall Street Journal reports. According to UniCredit CEO Federico Ghizzoni, the Italian lender has a €10 billion NPL.
The Milan-based lender has currently not decided on how much of NPL it plans to sell. UniCredit’s Italian rival, Intesa Sanapolo is also preparing to sell up to €4 billion of NPL, adds Reuters.
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