UniCredit announces the sale, through its subsidiary UniCredit Bulbank (Bulgaria), of a Bulgarian non performing credit portfolio composed of secured/unsecured loans granted to private individuals, SME's and Corporate customers
UniCredit announces it has reached an agreement with DCA in relation to the disposal on a non-recourse basis (pro-soluto) of a portfolio composed of secured/unsecured non-performing loans granted by UniCredit Bulbank (Bulgaria) to private individuals, SME's and Corporate customers.
The portfolio consists entirely of Bulgarian loans with a Legal Claim value of approximately €84 million.
The sale is part of the overall UniCredit Group's on-going strategy to reduce non performing exposure ("NPE").
The impact will be reflected in fourth quarter 2017 accounts.
Milan, November 7, 2017