Raiffeisen Bank Zrt.
2015
Raiffeisen Bank sold a non-performing corporate loan portfolio to Indotek Group.
Deloitte acted as financial advisor for Raiffeisen Bank Hungary.
Our expert's thoughts:
"The sale of Raiffeisen Bank's NPL portfolio was the second successfully closed NPL transaction of such magnitude in Hungary which involved corporate receivables. Bank specified a very strict timeline which only allowed closing prior to year-end therefore efficient process management and key milestones had to be defined prior to launching the transaction. We have managed both to close the transaction within 6 months after entering the market and run a highly competitive, professional process.
Deloitte’s support during the migration required significant resource, but helped the Bank satisfy a very complicated buyer requirement and close the deal in record time."
