The COVID-19 Diaries – Day 8 – When the Fintech community came together to fight

If you ask a person who grew up in the ‘80s or ‘90s watching the Jordan led Bulls raking up Championships on top of Championships, who is the best ball player of all time, the answer will be evident. Jordan retired in 2003, the same year LeBron James was drafted to the NBA as a […]

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Covid-19 diaries, Week 1: “Never look back, darling. It distracts from the now.” The Incredibles (2004)

Before this pandemic I was casually chatting with clients and partners on what may happen to interrupt the growth cycle of the last ca. 12 years: Trump’s impeachment, China / US trade war, Brexit ripples to mainland Europe, Germany auto industry slowing down, Russia / Turkey conflict etc. None of the discussions (obviously) run on […]

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The COVID-19 Diaries – Day 2 – “A bank (is) was a place that would lend you money if you can prove that you don’t need it” (Bob Hope)

  Primary responsibility of banks is to provide liquidity and financing to households and companies via acting as an intermediary between lenders and borrowers. The above statement applies in a business as usual scenario. However, today is far afield from business as usual.

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CEE market Series with focus on the NPE landscape – Romania

Romania has always been a CEE hotbet for non-performing loan transactions since the early 2010s. Through the past 5 years, approximately one third of the gross book value brought to market was originated from Romania. Historically, the driving forces behind one of the largest transactions in the CEE were the favorable regulatory regime, the well-established […]

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Synthetic securitisation: Hedge your risk, relieve your capital

Synthetic securitisation is a credit-risk hedging transaction – i.e. an insurance, which enables regulatory capital relief while fully keeping the legal ownership of the selected assets and, therefore, all related business relationships. This article presents the key features of synthetic securitisation transactions, the EU regulatory framework including recent changes applicable as of 2019, and opportunities […]

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Deal solutions for forborne exposures

The key objectives of forbearance measures are to pave the way for non-performing borrowers to exit their non-performing status as well as to prevent performing borrowers from reaching a non-performing status. However, with the introduction of IFRS 9, the provisioning requirements related to forborne/restructured exposures (when classified as so-called Stage 2 exposures) increased considerably, posing […]

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PwC acts as financial sell-side advisor to HETA on the sale of a Croatian servicing platform and substantial asset portfolio

HETA ASSET RESOLUTION AG (HETA) sold its Croatian servicing platform and a portfolio of non-performing loans and properties with a total exposure of around EUR 800 million. PwC advised HETA throughout the public tender process on all commercial and financial matters.

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EBA NPL templates – Experience from NPL portfolio deals in the CEE / SEE markets

Maximize recovery price and minimize post-sale contingencies in your NPL deal by achieving top quality and above market standard data & documentation readiness throughout the disposal process.

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Austrian & CEE Distressed Debt Market Overview 2018

In the past 5 years ca. €30b gross book value of distressed debt was brought to market across Austrian and CEE region. 

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