UniCredit sells Bulgarian non-performing credit portfolio to APS and Balbec Capital

UniCredit today announces that, through its subsidiary UniCredit Bulbank (Bulgaria), it has reached an agreement with APS and Balbec Capital to sell on a non-recourse basis (pro-soluto) a portfolio composed of secured and unsecured non-performing loans granted by UniCredit Bulbank to SME and Corporate customers.

The portfolio consists entirely of Bulgarian loans with a Legal Claim value of approximately €50 million.

The sale is part of UniCredit Group’s on-going strategy to reduce non-performing exposure (“NPE”).

The impact is expected in the accounts of the fourth quarter 2019.

Additional media information:

Ekaterina Ancheva, tel +359 (0) 2 9264 963, flbufsjob/bodifwbAvojdsfejuhspvq/ch

Beatris Nikolova, tel +359 (0) 2 9232 528, cfbusjt/ojlpmpwbAvojdsfejuhspvq/ch

Victoria Blajeva, tel +359 (0) 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch