UniCredit sells HUF 42.7 bln of NPLs
UniCredit Bank Hungary said Monday it had sold about HUF 42.7 billion of non-performing retail mortgage loans, state wire service MTI reported.
The NPLs were sold to a Hungarian company in a transaction financed by investment funds managed by Balbec Capital and APS Holding.
The sale will be recorded on the balance sheet in Q1.
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