We acquire, work-out and manage non-performing corporate loans backed by real estate. Our focus is on the largest urban centers with liquid real estate markets. We approach each borrower and asset individually to determine the best strategy – e.g. direct sale, consensual repayment, repossession of collateral.
Together with Apollo and IFC in 2018 and 2019 we acquired corporate secured NPL portfolios from United Bulgarian Bank (KBC Group of Belgium) and Eurobank Bulgaria (Eurobank Group of Greece), which we also manage. These portfolios include over 25 individual loan positions of which over two-thirds have been successfully worked out, resolved, and sold.
The number of completed NPL transactions as well as the scale of our company’s operations guarantee an efficient and professional approach to each transaction. We have the necessary know-how to conduct the entire process of evaluating, acquiring, and resolving NPL portfolios.
Respectful and ethical treatment of debtors is central to our efforts. In our approach and activities, we strive to be in line with Environmental, Social and Governance best practices.