Mali: Indication that ISSUE of banks under receivership is being addressed

The Deposit Insurance Agency has published in the daily newspapers Politika and Novosti, as well as on its website, an advertisement for the allocation, for a fee, of the portfolio of claims from eight banks under receivership, as well as claims managed by the Deposit Insurance Agency, in the name of / on behalf of Serbia in the total amount of EUR 1.82 billion. According to a statement of the Ministry of Finance, Minister Sinisa Mali has said that the second package of nonperforming loans (NPLs) is an indication that we are successfully solving the longstanding issue of banks under receivership. „The bottom line is that we are thus freeing property that has been blocked for years, which will return to economic flows. The main motive is for the resources to be reactivated and, as a result, to increase the growth rate,” said Mali. In June this year, the minister said, the first package of NPLs in the amount of EUR 240 million was sold, for the first time in 18 years. The public call invites all the interested investors of the Deposit Insurance Agency to submit their statement of interest by no later than 8 November 2019, and they are obliged to submit non-binding bids by 2 December 2019 at the latest. After evaluating the non-binding bids submitted, the Deposit Insurance Agency will notify the investors who submitted the non-binding bids if they are entitled to participating in the binding bid submission phase. The deadline for the submission of binding bids is 15 April 2020.

Izvor: Danas

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