UniCredit Sells Bulgarian Non-Performing Loans to DCA

By Nathan Allen Features Dow Jones Newswires

Italy's UniCredit SpA (UCG.MI) on Tuesday said that its Bulgarian subsidiary will sell a portfolio of non-performing loans to DCA, a debt purchaser that is part of B2Holding ASA (B2H.OS), for an undisclosed sum.

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The portfolio consists of secured and unsecured Bulgarian loans issued by UniCredit Bulbank with a legal claim value of around 84 million euros ($97.48 million), according to UniCredit.

The bank added that the disposal will be reflected in its fourth-quarter results.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

November 07, 2017 02:36 ET (07:36 GMT)