The 2016 SEE NPL Forum gathered more 130 participants from CESEE, confirming the importance of this topic and its significance for economic growth and investment potential of the NPL market. International and regional experts shared their insights on regional market trends, regulatory frameworks and the different state strategies for resolving the NPL issue. Panellists also discussed the obstacles and opportunities faced when investing in the SEE region.
The event provided insight and experience from regional regulatory institutions which provided an opportunity to compare different approaches of regional governments and central banks in dealings with NPLs, measures that have been implemented and their results. In the Serbian market, the strategy has focused on the development of the NPL market and making it more attractive for asset management firms.
The main challenges facing Serbia are mainly of a regulatory nature and concern actions that have to be taken in the retail NPL market, the law on real estate valuations, the tax treatment of NPLs and issues concerning banking secrecy and data protection. In Croatia, the measures taken by the Croatian National Bank are showing results, making this market more attractive for existing and potential investors. The Slovenia Central bank has applied somewhat “out-of-the-box“ thinking i.e. a direct approach in dialogue with potential investors which has led to satisfactory results in downscaling NPLs in the Slovenian market.
The regional NPL market presents indisputable investment potential (approx. 50 to 55 Billion EUR), however there are vast regulatory obstacles preventing more investors from entering the region and existing ones from making larger investments. As these obstacles are addressed, the market will undoubtedly grow and develop.
2016 Featured Speakers
Partner and Director, Colliers International Croatia
Vicegovernor, Croatian National Bank
Associate Director, Lead Regional Economist, EBRD
Director, Advisory Services department, PwC SEE
Managing Director Serbia & Montenegro, EOS Matrix
Head of Portfolio Acquisitions, APartners Capital, United Kingdom
Head - Restructuring Workout and Collection Division, Sberbank
Director, PLAS, Deloitte UK
Deputy President of the Executive Board and Chief Risk Officer, Komercijalna banka AD Beograd
General Manager, Restructuring Sector, NLB d.d., Slovenia
Banking Supervision Department, National Bank of Serbia
Partner, Žurić i Partneri, Croatia - a member of the South East Legal Alliance (SELA)
Director, EMSA Capital Austria
Partner, Freshfields Bruckhaus Deringer, Austria
Manager, Advisory - BRS, PwC Slovenia
Executive Director for Asset Management, DUTB Slovenia
Deputy General Manager and Head of Workout, NLB, Slovenia
Wyn River Limited, Representative for Serbia
Counsel, Legal Department, IMF
President of EACTP and executive board member of TMA Global
Head of Transactions, APS Holding a.s.