08.25.2022

Bank of Cyprus has completed the sale of a portfolio of NPLs and repossessed properties of Romania totally worth around EUR147 million to an entity part of APS group. more

05.30.2022

APS, a debt recovery company headquartered in the Czech Republic, has announced the acquisition from the Bank of Cyprus Group of a portfolio of Romanian non-performing loans (NPLs) and repossessed more

05.23.2016

IFC, a member of the World Bank Group, and KRUK, a leading debt collection company in Central and Eastern Europe, have agreed to purchase a portfolio of non-performing loans (NPLs) from Bancpost and more

12.18.2014

The local banking system looks completely different from its picture of the autumn of 2008, at the crisis onset, as market players had to adjust to the new conditions, namely low loan demand, falling more

06.11.2014

Romania’s UniCredit Tiriac Bank has sold unsecured non-performing loans worth less than EUR100 million so far, mainly in the consumer loans segment, the bank’s chief executive Rasvan Radu said more

06.10.2014

Volksbank Romania’s non-performing loans ratio is expected to fall to around 8% of total from 22% presently after the bank completes the sale of bad loans worth EUR495 million, the bank’s chief more

06.10.2014

Romania’s non-performing loans portfolio is estimated at some EUR1 billion in 2014, but potential sales of bad loans could reach up to EUR3 billion in the following year, an official at Deutsche more

06.10.2014

Tackling the problem of rising non-performing loans by cleaning up the banks’ balance sheets will likely yield results as of 2015-2016, BCR chief executive Tomas Spurny said Tuesday. more

06.10.2014

Getting rid of bad loans is a “necessary evil”, but bankers are not too enthusiastic to stack up new provisions for overdue loans to clean up their balance sheets, the head of the Romanian Banking more

05.21.2014

The loan IFC, the World Bank’s investment arm, granted to Czech-held APS Holding for the takeover of NPLs in Romania is likely to be used by the company for the purchase of three or four portfolios, more

05.16.2014

Both in Romania and in Europe, there are significant sums available for purchases of bad loans, but a certain deadlock is created by banks’ price demands, states Mihai Ionescu, Deutsche Bank manager more

05.08.2014

Romanian central bank governor Mugur Isarescu Thursday said the banking system is cleaning up and the non-performing loans ratio, which reached 22.3% at the end of March, was assessed following more

04.29.2014

International Finance Corporation, the private sector lending arm of the World Bank Group, will provide up to EUR20 million to Czech distressed asset investment company APS Holding to co-purchase more

03.18.2014

Volksbank Romania, a unit of Austria’s Volksbank AG, will likely sell a batch of non-performing loans worth EUR490 million by the end of March, the bank’s chief said Tuesday. more

04.16.2013

Romania alongside Greece and Ireland, two countries that allocated billions of euros to save their banks, are the European countries with the highest rates of non-performing loans (NPLs). more

03.04.2013

Romania’s largest bank BCR will have a debt collection unit, staffed by 500 people, operate as standalone company. more

02.13.2013

The high ratio of non-performing loans in BRD-Groupe Societe Generale’s (BRD.RO) corporate segment is a direct consequence of the financial and economic crisis and not the result of faulty lending more

02.07.2013

Romanian banks’ non-performing loans will continue to stack up in the near future, depending on economic growth prospects and the evolution in consumer confidence level, central bank deputy governor more

05.09.2011

Romanian retail non-performing loans have stabilized below 20% of the total loans, unlike the corporate sector, where the situation is set to worsen further before it can enter a downward path once more