EBRD supports effective NPL resolution with new Co-Investment Programme

• EBRD will invest up to €75 million in new non-performing loan (NPL) Co-Investment Programme managed by APS Holding
• APS will acquire and manage portfolios of NPLs and distressed assets across the EBRD regions
• Investment will help resolve NPLs and distressed situations, supporting financial sector stability and economic resilience

The European Bank for Reconstruction and Development (EBRD) is supporting financial sector stability and economic resilience across its regions by investing in a new non-performing loan (NPL) Co-Investment Programme established by APS Holding, one of Europe’s leading NPL management firms.

The Bank will invest up to €75 million, enabling APS to acquire portfolios of NPLs and other distressed assets across the EBRD regions. This will help to maintain well-functioning NPL and distressed asset markets and will support broader financial sector resilience.

APS will initially focus on assets in central and eastern Europe. It will identify, invest in and service selected portfolios of distressed, non-performing and sub-performing assets that align with the programme’s investment requirements.

The transaction is the latest project under the EBRD’s €300 million NPL Resolution Framework II, which supports efforts to address the challenge of NPLs and distressed assets in many of the economies where the Bank invests.

“We are proud to have finalised this first-of-its-kind programme between APS and the EBRD,” said Viktor Tóth, Chief Investment Officer at APS subsidiary APS Investments. “It marks an important step in our longstanding cooperation with the EBRD and in the further development of efficient NPL markets across the region. APS brings specialist investment expertise, local market knowledge and in-house servicing capabilities to support the responsible resolution of distressed exposures and help return capital to productive use in the real economy.”

The EBRD highlighted the importance of continued cooperation with APS, with the Bank’s Co-Head of Equity, Oumnia Benaddi, its Head of Non-Bank Financial Institutions, Alexander Saveliev, and its Head of Romania, Victoria Zinchuk, underlining the efficiency and scalability of the programme’s structured approach in delivering sustained impact across multiple markets, as well as its role in supporting growth and economic resilience across the EBRD regions.

APS is one of Europe’s leading investors and servicers of NPLs and distressed assets. Founded in Prague in 2004, it manages assets with a total nominal value exceeding €12.5 billion.

The EBRD is a leading institutional investor across Bulgaria, Croatia, Hungary, Poland and Romania. The Bank has invested more than €43 billion across more than 2,000 projects in these countries, focusing on further developing the financial sector and capital markets, financing sustainable infrastructure and boosting private-sector productivity.