28. March 2023

APS Group buys non-performing loans from a Romanian bank

APS Group buys non-performing loans from a Romanian bank.

The nominal value of the acquired portfolio (project Osiris) is totaling EUR 24 million. This deal consists of nearly 7 000 private unsecured loans with an average nominal value of EUR 3 500. The seller of the non-performing retail unsecured portfolio is one of the largest Romanian banks.

“The Romanian market is really important for us. We acquired a few landmark transactions that are part of APS history. We laid the foundation for our real estate division here. It shows how important the market is. So, I am more than pleased to announce that we won this deal in Romania. It is a back-to-the-roots deal. This is what we do, this is where we excel. As Romania is our key market, we have considered it important to strengthen our local team. Therefore I am pleased that Mihai Alexandru Pop, who previously served as a Vice president of Investment dpt. for Balbec Capital, rejoined APS, ” says Martin Machoň, the Group CEO and owner of the APS.

The deal is another regional success for the new Country Manager Radu Dobre and his team.

„Osiris is a first deal of this kind, that APS does in Romania after more than 5 years. With this transaction we are diversifying our asset portfolio in the Romanian market.“ Commented Radu Dobre.

APS Group is one of the leading alternative asset management companies in Central, Eastern, and South-eastern Europe. The APS Group has 15 regional offices and manages more than 100 portfolios with a nominal value exceeding 11 bn EUR.