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Dec 05, 2017 17:25 EEST
SOFIA (Bulgaria), December 5 (SeeNews) – Bulgaria’s UniCredit Bulbank, a unit of Italian banking group UniCredit, said it has sold a non-performing credit portfolio to Getback Recovery Bulgaria, a subsidiary of Poland’s Getback.
The portfolio has a legal claim value of around 11.85 million euro ($14.0 million), UniCredit Bulbank said in a statement on Monday.
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The sale is part of the overall UniCredit Group's on-going strategy to reduce non-performing exposure, UniCredit Bulbank said.
Last month, UniCredit Bulbank sold a non-performing credit portfolio with a legal claim value of 84 million euro to Debt Collection Agency (DCA), part of Norway’s B2Holding group.
($ = 0.8463 euro)
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