The Olimp Group offers its services in non-core and distressed asset management. We will provide operative and effective solutions in selling non-core and distressed assets, its restructuring and further management, as well as repurposing and lease, if necessary.

As a result of economic and political crisis and insolvency in the real sector of economy, collaterals came into banks’ possession and this trend continues to grow. Financial institutions have become owners of buildings, land plots, facilities and equipment, apartments and movable property.

Possession of non-core assets is inconvenient for banks for several reasons:

Firstly, financial position of a bank should be examined; however, it becomes difficult to assess a fair market value of illiquid assets.

Secondly, financial institutions hire additional staff to manage non-core assets and begin to outsource non-core activities. Diversion of resources away from banking operations reduces the efficiency of financial intermediation.

And the last problem consists in the necessity for maintaining non-core assets (including but not limited to payment of taxes, utility bills, security services, etc.)

Transfer of non-core assets to an asset management company can greatly facilitate current operations of small banks that cannot establish their own management companies with a management team and other expensive resources.

We offer:

1. Preliminary analysis of assets and development of the concept:

Analysis of current condition of assets (including financial, administrative and legal due review);

Assessment of market potential, determination of a segment and strategic perspective of non-core and distressed assets (marketing expertise);

Assessment of business viability and evaluation of economic feasibility of business rehabilitation, reconstruction and development by non-core and distressed assets;

Segmentation of assets according to potential returns and classification by 3 main categories: unprofitable, potentially breakeven and profitable assets;

Defining targets for each of the analyzed non-core and distressed assets;

Matrix of strategies for the non-core and distressed assets analyzed (to sell, to hold, to restructure, to develop etc.).

2. Assistance in selling non-core and distressed assets:

Assessment of feasibility and value of pre-sale preparation of unprofitable assets;

Pre-sale preparation of unprofitable assets:

- Current value assessment;

- Asset appreciation planning;

- Asset appreciation support.

Search for and negotiations with potential buyers;

Legal support of business transactions;

Organization of public sales (auctions, tenders):

- Determinationof terms of auctions and tenders;

- Preparation of a complete set of standard documents required for tenders and auctions (regulations, contracts, etc.);

- Information support of tenders and auctions in all stages;

- Organization of tenders and auctions in strict accordance with regulatory documents, ensuring transparent bidding process;

- Determination of a procedure for trade calculations at closing

3. Guidance in reorganization, structuring and restructuring of non-core assets

Debt restructuring in non-judicial foreclosure for securing obligations

Guidance in procedure of bankruptcy of debtors’ companies

Assistance in implementing urgent measures that increase financial stability and improve financial condition of a non-core asset

Assistance in negotiations with potential investors and creditors

Organization of work of a management team

Assistance in making changes in accordance with a restructuring plan

Monitoring and adjustment of plan implementation process