UBI Banca pushes ahead with NPL disposal plans

By Asad Ali
02 Aug 2018

UBI Banca, the Italian bank with a €97bn loan book, announced on Wednesday the securitization of a €2.75bn non-performing loan (NPL) book, and plans to apply for a state guarantee on the senior tranche which will be retained.

The bank also intends to dispose of a further NPL portfolio later this year or in 2019, which is not intended to be securitized.

Of the total loan book, UBI Banca (UBI) had NPLs amounting to €12.4bn in gross book value at the end of March 2018, comprising ...

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