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UniCredit Bulbank (Bulgaria) sells non performing credit portfolio to DCA, part of the B2Holding group

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

 

 

 

 

 

Enquiries

 

Investor Relations

Tel +39 02 88621872

e mail: investorrelations@unicredit.eu

 

Media Relations

Tel +39 02 88623569

e mail: mediarelations@unicredit.eu