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UniCredit Bulbank (Bulgaria) sells non performing credit portfolio to Debt collection agency EAD (DCA), the Bulgarian subsidiary of B2Holding ASA

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

 

 

 

Enquiries

 

Investor Relations

Tel +39 02 88621872

e mail: investorrelations@unicredit.eu

 

Media Relations

Tel +39 02 88623569

e mail: mediarelations@unicredit.eu