APS and EBRD invest in NPL portfolio in Romania

APS and the European Bank for Reconstruction and Development (EBRD) announce the completion of the Delta Project on April 30, 2024. This 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 and owner of APS Investments. “The collaboration of EBRD and APS has been instrumental in navigating this complex transaction.”

“This is the largest NPL portfolio transacted in the last 4 years in Romania. We are glad to have supported EBRD and our investment branch with this strategic opportunity, once again solidifying our corporate asset portfolio”, said APS Romania CEO, Radu Dobre.

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.

APS is a NPL investor and servicer active in 15 countries. APS currently manages over 100 NPL portfolios with a total nominal value of more than EUR 11 billion.