UniCredit cuts NPLs with completion of FINO

UniCredit on Wednesday announced the completion of the second phase of its “failure is not an option” (FINO) plan to reduce its non-performing loan exposure and obtain recognition of “Significant Risk Transfer” by the end of March.

  • By GlobalCapital
  • 07 Feb 2018
This follows initial steps taken by the Italian bank last year in phase one of FINO, which used SPVs to transfer a €17.7bn non-performing portfolio (gross book value of €5.4bn) from its balance sheet. UniCredit retained a 49.9% interest in the transferred portfolio with the intention to reduce that to ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 13,091.24 36 13.59%
2 Wells Fargo Securities 9,068.95 28 9.41%
3 Bank of America Merrill Lynch 8,771.28 25 9.10%
4 JPMorgan 8,197.56 26 8.51%
5 RBC Capital Markets 4,569.28 13 4.74%