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:
Victoria Blajeva, tel +359 (0) 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch
Beatris Nikolova, tel +359 (0) 2 9232 528, cfbusjt/ojlpmpwbAvojdsfejuhspvq/ch
Ekaterina Ancheva, tel +359 (0) 2 9264 963, flbufsjob/bodifwbAvojdsfejuhspvq/ch