SEE NPL Forum 2017 was held on October 20th in Belgrade. This event gathered key participants from the Southeast Europe and wider markets of non-performing receivables. For the second year in a row, EOS Martix took part in this highly significant event. Jelena Jović Milentijević, General Manager of EOS Matrix, moderated the panel discussion entitled “Managing portfolios and facilitating the sales processes” in an exceptional and refreshing manner.
During this panel, all the hot topics related to the NPL market and the regulations in the region were discussed. The issue of whether the consolidation of banking market will reflect on the NPL regional market was mentioned, as well as the optimal approach of the investor in this process and whether the “due diligence” process has become the biggest challenge due to different interpretations of the “bank secrecy” term by the banks.
These regulations were also discussed: the introduction of “General Data Protection Regulations” (GDPR) which will come into force in the European Union in May 2018, along with potential consequences of the “New Decision on Accounting Write-off of the Bank’s Balance Sheet Assets”, which fails to take the tax treatment of write-offs into consideration.
The panel participants also spoke of the NPL solutions outside of the banking sector, attempting to answer the question of whether the banks suffer due to their inability to market assets in the commercial sector which has been in blockade for years.
Jelena Jović, Deputy General Manager and the COO of EOS Matrix, took part in the panel entitled “Investment and servicing of the NPL portfolio - the lessons learned”.
Fundamental topics of this discussion were how the investors could exploit their local partners’ knowledge of the local markets and regulations from, what is the current situation of the legal regulations and what are the strategies for further development of the market. The panelists shared their experiences and challenges in servicing the secured and non-secured portfolios, and also shared their thoughts on how to improve the “due diligence” process.