December 23 (SeeNews) - Bulgaria's First Investment Bank (Fibank) [BUL:5F4] said that it has signed deals to sell non-performing loan (NPL) portfolios with a total face value of some 538 million levs ($304.9 million/275.1 million euro).
The portfolios mainly comprised secured loans of both businesses and individuals, Fibank said in a bourse filing on Friday.
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The sale is in line with the company's strategy for managing non-performing exposures, it said.
Earlier this year, the European Central Bank (ECB) said it has found a shortfall of 262.9 million euro at Fibank.
(1 euro = 1.95583 levs)
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