UniCredit today announces that, through its subsidiary UniCredit Bulbank (Bulgaria), it has reached an agreement with APS and Balbec Capital to sell on a non-recourse basis (pro-soluto) a portfolio composed of secured and unsecured non-performing loans granted by UniCredit Bulbank to SME and Corporate customers.

The portfolio consists entirely of Bulgarian loans with a Legal Claim value of approximately €50 million.

The sale is part of UniCredit Group’s on-going strategy to reduce non-performing exposure (“NPE”).

The impact is expected in the accounts of the fourth quarter 2019.

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Additional media information:

Victoria Blajeva, tel +359 (0) 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Beatris Nikolova, tel +359 (0) 2 9232 528, cfbusjt/ojlpmpwbAvojdsfejuhspvq/ch

Ekaterina Ancheva, tel +359 894 518 193 , flbufsjob/bodifwbAvojdsfejuhspvq/ch