September 29, 2016 4:12 pm

Review Event: Transaction and divestment of Non-Performing Loans

The event about “transaction and divestment of Non-Performing Loans” was held on 29 of September in “The Squaire – Conference Center” and inspired the participants through innovative ideas and important optimization proposals.
Speakers were Dr. Axel Wieandt (Adviser, Debitos GmbH), Prof. Dr. Mark Wahrenburg (Professor of banking management, Goethe university), Thomas K. W. Schrell (partner, HKLW), Jens Décieux (CEO, STP Portal GmbH) and Peter Riedel (Head of secured claims, Debitos GmbH).
Presentations to “Sale of NPL portfolios”, “Influence of contractual aspects on liquidity in the secondary market”, “work-out strategies” and “digitalization of insolvency-cases” were held. More than 40 people participated the event.
In the beginning, Dr. Wieandt compared the transaction of NPL portfolios of European and American Banks. He clarified that European Banks are far behind American Banks in the progress of transaction. Mr. Décieux continued with a solution for digital information gathering for insolvency cases and showed how the lengthy process can be avoided by some optimizations which saves a lot of time. This would be a benefit for seller and investor because those optimizations reduce effort and are less cost-intensive.
After a short break, Dr. Wahrenburg continued with the academic treatment of NPLs and put this in relation with current cases. His main point was that the structure in the primary market and a correct contract agreement are key to save enough liquidity in the secondary market.
Peter Riedel was the last speaker and talked about Debitos’ future and plans of expansion. Because Debitos is the only provider for selling NPLs on an online-platform, more foreign countries are ready to sell their portfolios online.
After all presentations were held, Debitos invited all participants to have dinner together in the “Paulaner”. Next to “Haxe” and “Schnitzel” the participants could recall the day and have a conversation.
Debitos says “Thank You!” to all participants for such a great day!

This post was written by Timur Peters

Timur Peters is the founder of Debitos GmbH. He holds a diploma in finance and law. He has more than 10 years’ experience in the range of finance.
Before Founding Debitos Timur Peters was responsible in the distribution of Software for Banks and Financial Institutions for Comarch for the D/A/CH Region. Next to this he has worked for several years as a self employed Project Consultant in the area of Financing of Litigation cases, Peer2-Peer Credit Marketplaces and other online projects for financial institutions.


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