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UniCredit: Common Bad Bank with Intesa Sanpaolo?
The parent company of Bank Austria may create a common bad bank with its Italian competitor Intesa Sanpaolo. The bad bank may be sold later on.
UniCredit Has To Prepare for the Stress Tests / Picture: © Vindobona.org
In order to prepare its balance sheet for the stress test, UniCredit and Intesa Sanpaolo try to reduce its bad loan portfolio. In total, the bad loan portfolio has a size of € 60bn, insiders say.
At the beginning of this year, UniCredit´s CEO Federico Ghizzoni stressed that the debate about the reduction of non-performing loans has begun to intensify. “UniCredit is…
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