06. June 2024

APS and EBRD invest in NPL portfolio in Romania

APS is pleased to announce the successful completion of Project Delta. This significant transaction involved the acquisition of a participation in a portfolio of sub-performing and non-performing loans secured with real estate collateral in Romania, as well as unsecured loans, with a total transaction size of approximately €400 million. The portfolio comprised almost 1,800 loans, showcasing the scale and diversity of the assets involved.

The European Bank for Reconstruction and Development (EBRD) financed 30% share of the participation in the portfolio, with the remaining funding provided by APS funds and managed accounts. APS Investments, which has diligently worked on this transaction since February 2023, underwrote the process, ensuring a seamless and successful outcome.

“We are proud to have finalized the Project Delta transaction, which represents a significant achievement in one of our core markets,” stated Martin Machoň CEO of APS Group. “The collaboration of EBRD and APS has been instrumental in navigating this complex transaction,” said Viktor Tóth, CIO at APS Investments.

The participation in the portfolio was acquired from Piraeus Bank, Greece, which successfully concluded the transaction, marking a strategic move in their divestment strategy.

The closing of the Project Delta transaction underscores our commitment to driving financial stability and growth opportunities in Romania, setting a positive trajectory for future endeavors in the region.