UniCredit announces the sale, through its subsidiary UniCredit Bulbank (Bulgaria), of a Bulgarian non performing credit portfolio composed of secured/unsecured loans granted to 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 corporate customers.
The portfolio consists entirely of Bulgarian loans with a Legal Claim value of approximately €93 million.
The sale is part of UniCredit Group's on-going activities to sell non-core assets and strengthen its credit profile.
The impact will be reflected in first quarter 2017 accounts.
Milan, 17 January 2017
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