KKR Fund solely interested in bad corporate loans in Serbia

The US-based KKR investment fund, which buys out non-performing loans, wants to take over bad corporate loans in Serbia but is not interested in retail loans, Vecernje novosti reported on Wednesday.

The KKR Fund told the paper that it has established its Pillarstone platform in Europe, which focuses solely on corporate loans.

- The Pillarstone platform we have developed in Europe has so far not considered a specific possibility of investing in Serbia, KKR representatives said.

Pillarstone offers support to banks in managing bad loans. The platform provides funds and expertise to help companies become stable, grow and generate value.

Serbian Prime Minister Aleksandar Vučić spoke a few days ago with KKR representatives about Serbia`s economic situation, the agreement with the International Monetary Fund and new investments.

David Petraeus, who heads the KKR Global Institute, noted that the KKR is satisfied with investments in Serbia so far, expressing hope that it will soon expand its investment package in Serbia, as well as in the region.

They also discussed finding a model for solving the issue of non-performing loans of Serbian banks, with joint working groups of the Ministry of Finance, the National Bank of Serbia and the KKR already working on the matter.

Kohlberg Kravis Roberts

Ministarstvo finansija Republike Srbije

Međunarodni monetarni fond-MMF Beograd

Narodna banka Srbije Beograd

KKR Fund

non-performing loans

NPLs

bad loans

Pillarstone

Pilarstone platform

Aleksandar Vučić

David Petraeus

KKR Global Institute

NBS