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Agenda

PRELIMINARY AGENDA

Panels & Topics.

09:00 – 09:45
( 0.45 Hour )

Registration

09:45 – 10:00
( 0.15 Hour )

Opening remarks

  • Ognjen Popović, Acting Assistant Minister, Financial System Department
  • Jelena Jović Milentijević, Managing Director, EOS Matrix Serbia, AKUPS

10:00 – 11:30
( 1.30 Hour )

Panel I

Topics

Just at the time when SEE markets showed significant recovery and decrease in NPL rates, the new crisis initiated by COVID-19 pandemic hit. Unprecedented health measures were imposed, affecting global health and economy. Lending activities dropped significantly due to imposed lockdowns, and many SEE countries introduced various measures such as moratorium on credit repayment obligations affecting all financial and NPL market players.

 

  • To which extent this Covid-19 crisis is similar/different to the last world economic crisis? What are the lessons learned and which lessons can be applied now?
  • Which steps have been taken by the banks to anticipate and prevent the impact of the pandemic on their loan portfolios?
  • How will the bank corporate and retail NPL portfolios look in 6 months’ time?
  • Old questions emerge: Do banks have the necessary capacity to handle new flows of NPLs? Should banks handle them internally, engage servicers or sell them?
  • Do banks foresee a buyers’ market and is it now the right time to start talking to investors and /or servicers?
  • Will investors require a greater risk premium due to the Covid-19 uncertainties?
Speakers
  • Ognjen Popović, Acting Assistant Minister, Financial System Department
  • Stefan Antonić, Independent Attorney at law in cooperation with Deloitte
  • Jaka Medvešček, Head of Corporate Restructuring, NLB d.d

11:30 – 11:50
( 0.20 Hour )

Coffee Break

11:50 – 13:20
( 1.30 Hour )

Panel II

Topics

With strong will and state strategies in place, a majority of SEE countries managed to develop NPL markets in the past ten years, resulting in the decrease of NPL rates. As a result, NPL market players, such as servicers and investors with a still strong appetite to invest, moved on to further segmentation of the NPL market and created an effective NPL market ecosystem. The COVID-19 outbreak, and imposed measures completely halted their operations making them think of their survival. When and which type of NPLs can we expect in a new surge?

 

  •  Who will be buying and at what prices?
  • Is this the right time to negotiate the cooperation or future partnerships with the banks?
  • Are there sufficient servicing capabilities available in the SEE market for what is to come?
  • Public policy and its implications on NPL market
Speakers
  • Edwin Harrap, Credit Portfolio Advisory International, Alantra
  • Marko Mićanović, Head Restructuring and Workout Division, Sberbank

13:20 – 14:20
( 1 Hour )

Lunch

14:20 – 15:00
( 0.40 Hour )

Workshop 1

Negotiating SPAs in NPL transaction

Topics

The workshops will gather all stakeholders in negotiation process (bankers, financial advisors, lawyers, investors) in order to discuss the main issues and share best practices in the process and in particular issues around NDAs and STA agreements.

Speakers
  • Dino Aganović, Partner and Head of Legal and Compliance, iQR Asset Managment
  • Stefan Antonić, Independent Attorney at law in cooperation with Deloitte
  • Jasna Zwitter-Tehovnik, Partner, DLA Piper

15:00 – 16:00
( 1 Hour )

Workshop 2

Valuing NPLs

Topics

When discussing the NPL portfolio value perspectives of bank and potential investors differ significantly. Banks believe they can extract more value from portfolios while investors cannot not be sure what is the true quality of assets they contain. Conducting a due diligence, as a way of overcoming the information asymmetry in determining NPL portfolio value, can result in high costs for potential investors. How can both sides find a way to resolve impediments and find mutually satisfactory solutions will be the topic of discussion for our experts.

Speakers
Moderator:

Jelena Jović Milentijević, Managing Director, EOS Matrix Serbia, AKUPS

Speakers:
  • Marko Fabris, Director, Advisory Services department, PwC SEE
  • Dejan Vuković, Founder and Managing Partner, Vuković and Partners