A lack of capital in many private banks is the major reason why they cannot deal properly with distressed assets
15 September 2017
Proxima Capital Group: «Many private banks work poorly with distressed assets due to a lack of capital»
Maxim Kravchenko, Managing Partner at Proxima Capital Group, said this on 15 September 2017 at the 5th annual conference Non-performing Loans as an Instrument to Create Value
Maxim Kravchenko moderated the session Non-performing Loans as a Financial Instrument.
“We work with a number of leading banks and rarely hear the word “reserve” from them; but when working with less successful banks we hear about “creating reserves” again and again. Hence, it is clear that the bad debts problem with banks is due to insufficient capital or limited sources for its replenishment”, Mr Kravchenko noted.
Proxima Capital Group is an independent investment firm that focuses on providing comprehensive financial solutions, including debt restructuring and turnaround management. We are a team of experienced professionals with a successful track record in investment banking, commercial banking, corporate finance, and law in Russia and the CIS.