UBI Banca pushes ahead with NPL disposal plans

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.

  • By Asad Ali
  • 02 Aug 2018

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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1 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

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3 Wells Fargo Securities 24,627.51 67 9.16%
4 Bank of America Merrill Lynch 23,023.30 73 8.56%
5 Barclays 16,546.45 55 6.16%