Unicredit 
is not worried than the extra provisions required by the ECB. This was stated today at Unicredit , Federico Ghizzoni, after the ECB has asked, through letters, explanations to the banks on the transposition in the financial statements of the results asset quality review, calling into account provisions that need to be made during the year.
“This is nothing new, are letters that are sent in batches to the various banks that participated in the process of asset quality reviews. For us, nothing extraordinary and already with the third quarter we thought we had done pretty much most of the provisions, “said the CEO, noting that the bank has passed the aqr with a capital absorption of only 14 basis points against the Italian average of 103.
As for the sale of UCCMB, the bank group that manages the non-performing loans, Ghizzoni said he hoped an agreement with the suitors in the race Fortress-Prelios can be reached by the end of this year and early next . “If there was a real opportunity to move forward in negotiations with Fortress-Prelios for the sale of UCCMB we would have already announced,” assured the top manager, confirming that negotiations are positive.
Finally, in view of the second tranche of long-term loans from the ECB scheduled for next Thursday, Unicredit will ask 2,000,000,000 to 2.5000000000 euro, which will be destined for Europe. Overall, the bank asked a total of 10 billion Tltro, since in the auction last September had asked for and received 7.75 billion to be allocated to Italy, the maximum allowed. Today on the Milan Stock title Unicredit has closed the session down 3.84% to 5.63 euro.
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