UniCredit SpA (CRDI.MI)
13 Dec 2017
MILAN/LONDON Italy's biggest bank UniCredit raised its 2019 dividend goal and pledged to shed more soured debts despite regulatory pressures, as part of a turnaround under CEO Jean Pierre Mustier.
* Brings forward part of expected capital hit from rule changes (Adds details on core capital)
LONDON, Dec 12 (IFR) - UniCredit has sold down its holding of a €16.2bn portfolio of bad loans to below 20% after agreeing a sale with Italian insurer Generali.
Dec 12 UniCredit CEO Jean Pierre Mustier tells press briefing:
Dec 12 UniCredit CEO Jean Pierre Mustier tells media call:
MILAN, Dec 12 Italy's biggest bank UniCredit on Tuesday pledged to shed more soured loans than previously envisaged as it updated its business plan to 2019 and raised its dividend payout.
MILAN Shareholders in UniCredit gave their near unanimous approval on Monday to proposed changes in its governance rules to make Italy's top bank more attractive to investors.
MILAN, Dec 4 Shareholders in UniCredit gave their near unanimous approval on Monday to proposed changes in its governance rules to make Italy's top bank more attractive to investors.
* UNICREDIT EXECUTIVE SAYS NO SHORT-TERM PLAN TO SELL MEDIOBANCA STAKE, ALWAYS MONITORING OPPORTUNITIES TO GENERATE VALUE FROM ASSETS