Volksbank Romania Sells EUR 495 Million NPL Real Estate Portfolio

Published: July 28, 2014; 17:25 · (Vindobona)

Volksbank Romania has reduced its non-performing loans portfolio (NPLs) through the sale of a NPL real estate portfolio with an aggregate volume of € 495 million. The Bank has sold the large-volume real estate financing commitments to an international investors consortium composed of Deutsche Bank, AnaCap Financial Partners LLP, H.I.G Capital International Advisers and APS Holding SE. With this transaction, Volksbank Romania has reduced its NPL portfolio to a NPL ratio of below 8%, below the average in Romania's banking system.

Volksbank Romania Sells EUR 495 Million NPL Real Estate Portfolio / Picture: © Österreichische Volksbanken-AG (ÖVAG)

A non-performing portfolio of secured loans with a volume of EUR 495 million has been sold to an international investors consortium.

With this transaction, Volksbank Romania has heavily reduced its NPL ratio to below 8 percent compared to a system average of 24 percent.

No significant capital impact. Volksbank Romania remains one of the best capitalized bank in the…

This article includes a total of 293 words.

or Log In