With a total value of secured non-performing loans in Romania estimated to approximately 15 billion euro for both residential clients and companies, the local banks have to block significant amounts of cash in provisions – a situation whose exit relies only in selling out the receivables to market.
Tagor Asset Management is a real estate development and full service asset management company representing international funds in Romania. Our goal is to maximize value through servicing of REO’S, secured NPL’S portfolio’s and single assets.
Banks have started to be filled with repossessed assets from NPL and this is definitely not their core business. Tagor has the experience and financial backup to buy and add value to these repossessed or distressed real estate assets in Romania from the banks.