PwC launched its fully operational loan servicing platform in cooperation with the Silverton Group and 720° Restructuring & Advisory catering to both banks and investors with tailor made services for their non-performing loans and other non-core assets.
For the first time, non-performing loans (NPL)in Austria and SEE can be managed across national boundaries and with consistently high quality.After years of preparation the Debt Solution Platform was launched, as PwC is the first among “Big4” to bundle forces and tackle this business need. It gives the perfect answer to address the substantial demand in the current NPL market in Europe. According to estimates of PwC and Strategy&, over 40bn Euro of non-performing loans (NPL) are dormant in the southeast European target markets.
The platform isgiving the opportunity to international investors and banks to outsource their non-performing loan (NPL) and non-core asset workload.The platform gives banks and investors the edge ofhaving a global consulting firm as a central point of contact, together with the special expertise in credit servicing and the local presence in the countries.According to a study by Strategy&, PwC’s strategy consultants, there are bad loans amounting to a trillion Euro in Europe. The study stresses the importance of expediting and speedily implementing the necessary actions to reduce them. This will be facilitated by our new platform.
We, PwC Austria, bring a remarkable track record in NPL transactions in south-east Europe, with a total volume of more than six billion Euro over the past 3 years, alongside with our strong network in the respective countries. The core team in Vienna, which works together with a network of colleagues in south-eastern Europe, currently manages a NPL portfolio with a volume in double-digit millions.
For banks we offer a one-stop shop, meaning that we can assist along the entire value chain of loan servicing or selectively with the subsequent modules:
- Full scope portfolio management services,
- Data handling,
- Strategy/business plan definition
- Loan servicing
Cash-recovery oriented servicing unit, powered by extensive experience in structured sales processes and DPO solutions as well as knowledge of legal environment
Investor search (present in secondary market)
On top of that we provide specifically for the real estate industry, asset management solutions across the entire value chain to enhance your value through e.g. CF optimization, targeted lease-up, innovative marketing and re-positioning.
For investors, on the other hand, we provide investment solutions from deal sourcing via loan underwriting, on-boarding, strategy & business planning, loan servicing to a structured sales processes. Same applies to the real estate where we can assist clients along deal sourcing/real estate underwriting, on-boarding, RE asset management and through cash-recovery-oriented servicing unit.
For more information please contact:
Senior Manager, PwC Austria, Advisory