PROJECT

Projects

Summary of Investment Information

Project Number

47755

Company Name

DARP SPV EOS II

Date SPI Disclosed

May 26, 2023

Country

Poland

Region

Europe

Projected Board Date

Jun 30, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

May 5, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Jun 30, 2023
Signed : Oct 11, 2023
Invested : Oct 19, 2023

Sector

Distressed Assets SPV

Project Description

The Project entails setting up a facility in Poland, under IFC’s Distressed Assets Recovery Program (DARP), to acquire and resolve retail and SME/corporate non-performing loans (NPLs) and distressed real estate assets and real estate owned (REO) assets on the banks’ balance sheets (Target Assets), together with EOS Holding GmbH or a 100% subsidiary of it (EOS or the Sponsor). This facility will acquire Target Assets both in the primary and secondary distressed assets markets in Poland (Target Market). The proposed facility will have US$300 million equivalent in EUR in available committed capital, of which IFC will commit US$150 million and EOS will commit US$150 million (DARP NPL EOS III) (the Project).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation