APS was established in 2004. During our existence, we have managed to take a leading position in the markets of Central and South-eastern Europe. The core of our business consists of three pillars – alternative asset management, real estate investment and debt recovery.
We carry out a full range of activities including third-party servicing, NPL portfolio management for institutional investors, and purchasing entire NPL portfolios. We currently manage over 100 NPL portfolios with a total nominal value of more than EUR 11 billion.
Our company would not have achieved this without the highest ethical standards. This value has been an essential and integral part of our corporate strategy from the very beginning. An equally important value for us is continuity. Long-term cooperation with national institutions and supranational regulators and banks makes APS a trustworthy and stable partner. A crucial part of the APS story is also the people working for APS – they are the know-how base for the entire group.
APS Croatia – Licensed Company for Providing Loan Servicing Services
APS Croatia d.o.o. has received a decision from the Croatian National Bank (HNB) granting approval to perform loan servicing services and has been entered into the national register of licenced loan servicing providers under the number SK001, ensuring quality and security in our operations.
The operating approval was issued in accordance with the Law on the Method, Conditions, and Procedure for Servicing and Trading Claims (Official Gazette, No. 155/2023), which aims to provide additional consumer protection and clearly define the business conditions in this sector. The HNB will supervise the activities of all licenced companies, including APS Croatia.
The operating approval remains valid as long as the company meets the legal requirements set for providing loan servicing services under applicable regulations.
2022
In 2022 APS acquired a corporate and SME-secured loan portfolio with a nominal value exceeding one billion euro in Greece.
In September we launched the second subfund RHAPSODY II, and we raised aprox EUR 23 million (APS CREDIT FUND SICAV raised together aprox. EUR 55 million). The subfund represents an investment opportunity with an expected above-standard return. The newly established fund aims to purchase problematic overdue receivables
2021
Another momentous change came in 2021 with the launch of APS CREDIT FUND SICAV.
The first subfund RHAPSODY has collected over EUR 32 million, focuses on investments into distressed debt transactions and large corporate receivables secured by real estate assets. Examples of such collateral include logistics centers, hotels, office and residential buildings, and land. The fund set its investment strategy to reflect the economic situation of companies and consumers being burdened by the consequences of the global post-COVID-19 environment.
2020
In 2020 APS advised with respect to non-performing loans to Loan Management Investment Fund.
Fund was fully invested and allocated a total of EUR 87 million across sixteen well-diversified transactions.
2019
The expansion in the Balkans continued in 2019 with the acquisition of two new NPL portfolios in Bosnia and Herzegovina and Montenegro.
This purchase meant we became the leading debt investor and servicer in South-eastern Europe. Our Real Estate division introduced the Casazela and Syndre Valuation network operating in Croatia, Czechia, Hungary, Romania, and Serbia.
