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UniCredit successfully concluded the disposal of SIA UniCredit Leasing, its subsidiary active in the Baltics

Following the signing of the binding agreement on December 2019 and the obtainment of the relevant regulatory approvals, on the 4th of January 2021, UniCredit completed the disposal of SIA UniCredit Leasing and its subsidiary SIA UniCredit Insurance Broker to AS Citadele banka.

 

The transaction in 1Q21 will have a low single digit positive impact on the consolidated CET1 ratio. The intragroup funding has been fully reimbursed at closing.

 

 

Milan, 5 January 2021

 

 

 

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