SOFIA (Bulgaria), November 7 (SeeNews) – Italian banking group UniCredit said on Tuesday its Bulgarian unit UniCredit Bulbank has sold a non-performing credit portfolio to Debt Collection Agency (DCA), part of Norway’s B2Holding group.
The portfolio, which has a legal claim value of around 84 million euro ($97.3 million), consists of both secured and unsecured non-performing loans granted by UniCredit Bulbank to private individuals, SME's and corporate customers, UniCredit said in a statement.
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The sale is part of the overall UniCredit Group's on-going strategy to reduce non performing exposure.
In January, UniCredit Bulbank sold a portfolio of NPLs with a legal claim value of 93 million euro to DCA.
($ = 0.8628 euro)