EBRD Plans to Invest up to €75 Million in Co-Investment Programme with APS Holding to Strengthen Financial Resilience Across Europe
London / Prague, 11 May 2026 – The European Bank for Reconstruction and Development (EBRD) plans to invest up to €75 million in a new Non-Performing Loan (NPL) Co-Investment Programme with APS Holding S.A. (“APS”), one of Europe’s leading investors and servicers of distressed assets.
The programme, established under the EBRD’s NPL Resolution Framework II, will focus on acquiring and resolving portfolios of non-performing loans and other distressed assets across Central, Eastern and Southeastern Europe, alongside APS managed funds and selected third-party co-investors.
The initiative aims to strengthen the resilience and competitiveness of financial systems in the EBRD regions by facilitating the effective resolution of distressed assets. Well-functioning secondary markets for NPLs are essential to enabling banks and financial institutions to reduce legacy exposures, free up capital and restore lending to the real economy.
APS will act as a key investment and servicing partner, drawing on more than two decades of experience, a presence in 16 countries, and a track record of managing portfolios with a nominal value exceeding €12.5 billion.
“APS is proud to partner with EBRD on this strategically important initiative,” said Martin Machoň, CEO and Founder of APS Holding. “This collaboration reflects a shared commitment to strengthening financial systems and supporting sustainable economic development. At APS, we see our role not only in managing assets, but in restoring value, supporting financial stability and enabling businesses and individuals to re-engage in economic activity.”
“We are pleased to continue our support for APS and NPL resolution across the region through this programme,” said Alexander Saveliev. “The programme will enable more robust and efficient deployment of capital, enhance the functioning of NPL markets and support the effective resolution of distressed situations, thereby contributing to the region’s overall economic stability.”
By combining EBRD’s institutional capital with APS’s local expertise and in-house servicing capabilities, the programme is designed to accelerate the resolution of distressed assets while maintaining responsible and transparent practices. A key component of the programme is the promotion of financial literacy and responsible borrower engagement.
About APS Holding
APS Holding S.A. is one of Europe’s leading investors and asset managers specializing in non-performing loans and distressed assets. Founded in Prague in 2004, APS has grown over more than two decades into a leading European investment platform, now active in 16 countries, with a growing presence in Western Europe and North America.
Today, APS manages portfolios with a nominal value exceeding €12.5 billion and ranks among the top three players in its sector in Central Europe. The group combines investment expertise with in-house servicing capabilities, enabling it to source, acquire and actively manage complex portfolios across multiple jurisdictions.
APS has a long-standing track record of cooperation with leading global institutional investors, including EBRD, Apollo Global Management, Bank of America, Lone Star, and IFC, as well as experience in structuring and managing investment vehicles for institutional and qualified investors.
As an active participant in the financial ecosystem, APS contributes to the efficient functioning of credit markets by helping banks clean up balance sheets and unlock capital for new lending, while supporting borrowers in finding structured and sustainable solutions to resolve their obligations.
About the EBRD
The European Bank for Reconstruction and Development (EBRD) is a multilateral development bank that promotes the transition to open and sustainable market economies across three continents.
Since its establishment in 1991, the EBRD has invested over €220 billion in more than 7,800 projects. The Bank focuses on strengthening economic resilience, developing well-functioning markets, supporting private sector growth and promoting good governance and inclusion.
Through its NPL Resolution Framework, the EBRD plays an active role in supporting the development of distressed asset markets and advancing regulatory and legal reforms aimed at enhancing financial stability and banking sector resilience in its regions of operation.
