Most Sofia bourse indices fall, Fibank paces blue-chip losers
UPDATE 1 - Bulgarian regulator okays 6.5% hike in Dec natgas price
Zarneni Hrani Bulgaria boosts 9-mo cons net profit, revenue falls
Fitch reaffirms Euroins Insurance Group at B+, outlook stable
Croatia's competition watchdog opens probe into Cakovecki Mlinovi, Tvornica Stocne Hrane
Nov 07, 2017 10:30 EEST
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 ($97.3 million), consists of both secured and unsecured non-performing loans granted by UniCredit Bulbank to private individuals, SME's and corporate customers, UniCredit said in a statement.
You can subscribe to our M&A newsletter here
The sale is part of the overall UniCredit Group's on-going strategy to reduce non performing exposure.
In January, UniCredit Bulbank sold a portfolio of NPLs with a legal claim value of 93 million euro to DCA.
($ = 0.8628 euro)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options