January 17 (SeeNews) - Italy's UniCredit Group on Tuesday announced the sale, through its Bulgarian subsidiary UniCredit Bulbank, of a portfolio of non performing loans (NPLs) to Debt Collection Agency (DCA).
The portfolio consists entirely of Bulgarian loans granted to corporate customers by UniCredit Bulbank and has a legal claim value of some 93 million euro ($99.3 million), UniCredit said in a statement.
The impact of the sale, which is part of the group's on-going activities to sell non-core assets and strengthen its credit profile, will be reflected in first quarter 2017 accounts.
DCA is the Bulgarian subsidiary of Norwegian debt solutions provider B2Holding.
($=0.9379 euro)
UniCredit Bulbank AD is among the biggest banks in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here