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

Filip Vučagić

Filip Vučagić

Partner and Director, Colliers International Croatia

Bojan Fras

Bojan Fras

Vicegovernor, Croatian National Bank

Peter Tabak

Peter Tabak

Associate Director, Lead Regional Economist, EBRD

Marko Fabris

Marko Fabris

Director, Advisory Services department, PwC SEE

Jelena Jović Milentijević

Jelena Jović Milentijević

Managing Director Serbia & Montenegro, EOS Matrix

Joshua Silver

Joshua Silver

Head of Portfolio Acquisitions, APartners Capital, United Kingdom

Marko Mićanović

Marko Mićanović

Head - Restructuring & Workout Division, Sberbank

Amo Chahal

Amo Chahal

Director, PLAS, Deloitte UK

Sladjana Jelic

Sladjana Jelic

Deputy President of the Executive Board and Chief Risk Officer, Komercijalna banka AD Beograd

Peter Zelen

Peter Zelen

General Manager, Restructuring Sector, NLB d.d., Slovenia

Ivana Selakovic

Ivana Selakovic

Banking Supervision Department, National Bank of Serbia

Edin Karakas

Edin Karakas

Partner, Žurić i Partneri, Croatia - a member of the South East Legal Alliance (SELA)

Michael Cullinane

Michael Cullinane

Director, EMSA Capital Austria

Florian Klimscha

Florian Klimscha

Partner, Freshfields Bruckhaus Deringer, Austria

Franci Tusek

Franci Tusek

Manager, Advisory - BRS, PwC Slovenia

Janez Skrubej

Janez Skrubej

Executive Director for Asset Management, DUTB Slovenia

Anze Pogacnik

Anze Pogacnik

Deputy General Manager and Head of Workout, NLB, Slovenia

Mila Korugic Milosevic

Mila Korugic Milosevic

Wyn River Limited, Representative for Serbia

Natalia Stetsenko

Natalia Stetsenko

Counsel, Legal Department, IMF

Jukka-Pekka Joensuu

Jukka-Pekka Joensuu

President of EACTP and executive board member of TMA Global

Jozef Martinak

Jozef Martinak

Head of Transactions, APS Holding a.s.

Zlatko Milikic

Zlatko Milikic

Acting Assistant Minister of Finance, Republic of Serbia