A Member Of The World Bank Group Both Parties Partnered In 2020 To Launcha 60 Million Distressed Asset Recovery Platform Program Darp 1 That Focuses On Acquisition And Resolution Assets Across Emerging Markets Through This News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SINGAPORE, June 29, 2022 /PRNewswire/ Collectius, a leading restructuring partner for financial institutions in Asia, acquired its first portfolios in Vietnam since entering the market at the end of last year, securing more than US$800 million of non-performing loans (NPLs) from a Vietnam-based commercial bank. The deal, which includes a combination of credit cards and personal loans, represents the largest single acquisition made by Collectius to date, and signifies a growing need for debt restructuring solutions in the country as loan defaults become more common due to the impact of the pandemic. The NPLs were a joint acquisition by Collectius and IFC, a member of the World Bank Group. Both parties partnered in 2020 to launch a $60 million Distressed Asset Recovery Platform Program (DARP)[1] that focuses on the acquisition and resolution of distressed assets across emerging markets. Through this program, it helped many customers across the region meet their financial obligations an ....

Republic Of , Ivar Bjrklund , Asia Pacific , Prnewswire Collectius , Gustava Eriksson , World Bank Group , International Finance Corporation , Distressed Asset Recovery Platform Program , World Bank , Southeast Asia , State Bank , Collectius Way , East Asia , June 29 , 022 Prnewswire Collectius , A Leading Restructuring Partner For Financial Institutions In Asia , Cquired Its First Portfolios In Vietnam Since Entering The Market At End Of Last Year , Ecuring More Than Us 800 Million Of Non Performing Loans Npls Froma Vietnam Based Commercial Bank The Deal , Hich Includesa Combination Of Credit Cards And Personal Loans , Epresents The Largest Single Acquisition Made By Collectius To Date , Nd Signifiesa Growing Need For Debt Restructuring Solutions In The Country As Loan Defaults Become More Common Due To Impact Of Pandemic Npls Werea Joint Acquisition By Collectius And Ifc , A Member Of The World Bank Group Both Parties Partnered In 2020 To Launcha 60 Million Distressed Asset Recovery Platform Program Darp 1 That Focuses On Acquisition And Resolution Assets Across Emerging Markets Through This , T Helped Many Customers Across The Region Meet Their Financial Obligations And Regain Creditworthiness Ifc Is Alsoa Minority Equity Shareholder In Collectius Addition , Ollectius Recently Acquired Npl Portfolios Froma Leading Super App In Southeast Asia , S Part Ofa Regional Deal That Covers Five Countries Including Vietnam Through These Npls Acquisitions , Ollectius Now Serves More Than 195 Thousand Customers In Vietnam And Is Discussions With Several Financial Institutions To Acquire Portfolios Banks Are Expected See Rapid Credit Growth This Year As The Economy Reopens Following Two Years Of Covid Restrictions ,