Raiffeisen Bank Zrt.
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."