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DARP Ursa

Sector: Raw Materials • Location: Eastern Europe Subregion

Source: International Finance Corporation (IFC)

Project
Completed

The proposed project consists of an investment in one or more Special Purpose Vehicles (“SPVs”) funded alongside local partner-servicer in Romania. The SPV will purchase a portfolio of non-performing loans (“NPLs”) issued by the Romanian subsidiary of a large regional bank. The NPLs consist of small and medium enterprise (“SME”), small business, and retail. Through the proposed project, IFC would

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The project “DARP Ursa” is an infrastructure initiative in the Raw Materials sector, located in Eastern Europe Subregion. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Status

Original status

completed

Taiyo status

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Available timestamps

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Contact

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Email

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Address

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Description

Description

The proposed project consists of an investment in one or more Special Purpose Vehicles (“SPVs”) funded alongside local partner-servicer in Romania. The SPV will purchase a portfolio of non-performing loans (“NPLs”) issued by the Romanian subsidiary of a large regional bank. The NPLs consist of small and medium enterprise (“SME”), small business, and retail. Through the proposed project, IFC would play an important role in (i) providing an attractive mechanism for NPL resolution in the region; (ii) assisting with balance sheet management of the selling bank, increasing liquidity; (iii) mobilize funding from the private sector.

Original sub-sector

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Original Currency

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Original budget

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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