APS Holding, S. A. has acquired two NPL portfolios in Bosnia and Herzegovina and Montenegro

APS Holding, S. A. (APS) has significantly strengthened its position in the region. With its previously acquired portfolios and new offices in Bosnia and Herzegovina and Montenegro, APS aspires to the position of fastest-growing distressed debt investor and servicer in the South-Eastern Europe.

Bosnian non-performing debt portfolio totaling around EUR 441 million. The portfolio dubbed Bolero consists approximately 1493 receivables, mainly secured by commercial real estates. The real estate security mainly consists of commercial and industrial properties by market value. This acquisition strengthens the position of APS in the region. “These acquisitions underlining our dedication to the region. Even though we have a lot of work in front of us, I am personally satisfied with the success, “ said CEO of APS Martin Machoň.

The portfolio acquired in Montenegro dubbed Tara includes non-performing loans with the total gross balance sheet exposures EUR 192 million and repossessed real estate assets in tourists’ attractive regions of EUR 43 million market value.

Balkans market at glance

Tackling bad debts remains priority in Balkans region. In Albania, Bosnia, and Herzegovina, Bulgaria, Croatia, Montenegro, Romania, and Serbia the NPL-ratios are above the five percent threshold recommended by the EBA, with 2 countries (Albania and Croatia) exceeding a threshold of 10 percent. For Slovenia, in contrast, the NPL-ratio is as low as 2.3 percent. “We see strong potential for further investment opportunities inthe region,” said Viktor Levkanič, Chief Investment officer of APS.

Since the beginning of 2019, there have been several significant transactions in the region. In Croatia, a consumer debt portfolio with a face value of EUR 800 million has been sold. In Bulgaria, Eurobank Bulgaria has sold a corporate debt portfolio valued at EUR 350 million.

About the APS

APS is active in the field of investments, management and recovery of debt portfolios and real estate in south and southeastern Europe. APS provides comprehensive services in distressed and performing loan portfolios, investment advisory, and recovery management and ensures asset management. Involving more than 800 professionals, it provides services in 16 European countries. The group owned by Martin Machoň is currently managing portfolios with the nominal value exceeding EUR 8.8 billion.