By Pietro Lombardi

UniCredit SpA's (UCG.MI) Croatian subsidiary Zagrebacka banka has signed an agreement with DDM for the sale of a bad loan portfolio with a claim value of 203.3 million euros ($224.6 million).

The sale is part of the Italian bank's plan to reduce its nonperforming exposures, it said Friday.

The portfolio consists of loans to individual customers, as well as to small and medium-sized firms.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

September 20, 2019 02:29 ET (06:29 GMT)

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