×
$74 Million
Tuesday, Apr 11, 2017
NCUA Residential Mortgage Loan Sale
$74 Million
Tuesday, Apr 11, 2017
NCUA Residential Mortgage Loan Sale
Performing & Non-Performing Residential Loans - 8 Pools
$759 Million
Tuesday, Mar 14, 2017
Freddie Mac Non-Performing Loan Sale
$74 Million
Tuesday, Apr 11, 2017
NCUA Residential Mortgage Loan Sale
SIGN IN
REGISTER

Registry now open for Ukraine Loan Sale.


First Financial Network Announces Initial Loan Sale in Ukraine


First Financial Network (FFN) is pleased to be conducting an initial sale of non-performing loans on behalf of the National Bank of Ukraine (NBU) and the Deposit Guarantee Fund (DGF).


Ukraine Video Clip

Ukraine’s banking sector has been in a crisis since 2014. Over 90 banks have failed. Total non-performing assets are estimated at $28 - $38 Billion USD. Multinational groups have been assisting and supporting the Ukraine government with these initiatives.

This is an initial sale of 52 loans totaling $170MM USD (4.6B UAH). The FFN pool (UKR-2017-01) is composed of non-performing commercial loans secured by various collateral types including a large operating retail food business, an equipment manufacturer, an agricultural processor, various commercial real estate properties, land and other assets. Additional sales are anticipated to follow.

These loan sale initiatives will utilize international best industry practices to ensure transparency, restore liquidity and maximize value in order to facilitate stability in the Ukraine banking sector.

Due diligence information will be made available to qualified investors via this secure website.

Online bids are due on September 19, 2017.

Interested parties should register using the links below. Registration will allow you to receive a username and password. After logging in, you will be able to review the Confidentiality Agreement, Addendum and process to submit a $500 USD Registration Fee required for due diligence access. Due diligence materials include loan data information, asset summary reports, legal sale documents and imaged loan file documentation.

The loans are being offered in one pool.

Sale Timeline – Key Dates

  • Sale Announcement – 7-24-2017
  • Due Diligence Starts - 7-24-2017
  • Bid Date 09-19-2017

For more information about Ukraine offering UKR-2017-01, interested parties outside of Ukraine should contact Merrie Duncan mduncan@ffncorp.com, John Morris, jmorris@ffncorp.com or Cathey Taylor ctaylor@ffncorp.com at +1 405.748.4100. Interested parties within Ukraine should contact Ben Hill at +38 073 420 35 29 or bhill@ffncorp.com.

For the official announcement from the Deposit Guarantee Fund, click here.

Click here for Auction Rules.

Українська 313