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Sale of Bad Assets: UniCredit Under Pressure
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The parent company of Bank Austria, the Italian lender UniCredit, wants to sell its risky assets as soon as possible. Insiders report that UniCredit wants to sell its “bad bank”.
Sale of Bad Assets: UniCredit Under Pressure / Picture: © Vindobona.org
In order to prepare its balance sheet for the stress test, UniCredit tries to reduce its bad loan portfolio. According to insiders, UniCredit wants to sell its “bad bank” as soon as possible”. Until the beginning of next week, UniCredit will wait for offers for the bad bank. The special purpose vehicle will be sold completely or in several parts.
In total, the bad loan…
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