APS Holding is getting stronger after adding to its administration the second largest loan portfolio sold in the Czech Republic during the past 18 months. The total value of the receivables in the portfolio exceeds the equivalent of EUR 23 million. The seller is a major international financial institution.
The portfolio was acquired by a subsidiary of Swiss company DDM Holding AG (DDM) and it is formed of tens of thousands of unsecured consumer loans.
"Since our entry to the Czech market, we have focused on investment transactions involving retail unsecured non-performing loans. This significant acquisition will strengthen our position within the Central European market," states Gustav Hultgren, CEO of DDM.
"I greatly appreciate the fact that the DDM has once again chosen APS as the partner for the management of the portfolio. This substantial transaction will strengthen APS's role within the Czech Republic as a major administrator and servicer of non-performing loans," states Martin Hubáček, Country Manager at APS.