UniCredit announces the sale, through its subsidiary UniCredit Bulbank (Bulgaria), of a Bulgarian non performing credit portfolio composed of secured/unsecured loans granted to corporate customers

UniCredit announces it has reached an agreement with DCA in relation to the disposal on a non-recourse basis (pro-soluto) of a portfolio composed of secured/unsecured non-performing loans granted by UniCredit Bulbank (Bulgaria) to corporate customers.

The portfolio consists entirely of Bulgarian loans with a Legal Claim value of approximately €93 million.

The sale is part of UniCredit Group's on-going activities to sell non-core assets and strengthen its credit profile.

The impact will be reflected in first quarter 2017 accounts.

Source: Unicredit statement