The largest investment in EOS Matrix business history
Despite the large turbulence caused by the COVID-19 virus pandemic, EOS Matrix achieves the largest investment in our business history.
In June 2019, company signed the first agreement of selling the receivables with the Deposit insurance agency.
After the first successful business cooperation, EOS Matrix continued to cooperate with government institutions.
Company took over the package of NPL receivables from the Development Fund of the Republic of Serbia, which was also the largest investment in the past 15 years of our business.
Despite the turbulence caused by the Covid-19 global pandemic, EOS Matrix continues with a successful business practice, which was marked with the most significant individual investment accomplished in the new business 2021/22 year.
Years of thriving business and outstanding results positioned EOS Matrix as a market leader in purchasing and collecting receivables. Such status opened the door to a large number of potential investments. In the upcoming years, many of them have been realized, and the leading position was strengthened.
In June 2019 the company signed a contract with the Deposit insurance agency. It was the first agreement on the assignment of receivables, which helped with the further reform plan of the Republic of Serbia. The objective of the sale was solving perennial problems of bankrupt banks, which is reflected in assets “trapped” by stakeholder contracts. With a detailed plan and EOS’ expertise, assets are gradually being returned to regular economic flows and contributions to further economic growth of the state have been made.
Following the first successful business cooperation, EOS Matrix continued to cooperate with goverment institutions.
Company took over the package of NPL’s from the Development Fund of the Republic of Serbia, thus achieving the largest investment in the past 15 years of business. The contract between the two sides was signed at the end of April. One of the signatories of the agreement, Managing Director of EOS Matrix Jelena Jović Milentijević, believes not only such cooperation between the goverment and leading world investment funds should not be marginalized, but could also contribute to faster growth and development of the state economy:
"We are extremely satisfied with the sales process itself . The Development Fund of the Republic of Serbia has shown a big level of commitment and professionalism, and supported by the expert team from Deloitte Serbia the whole process of sales was completed in accordance to European standards. For us, our continued cooperation with government institutions is an absolute priority. I am glad that we have a new reliable partner in the Serbian goverment institutions to resolve the mature, captured debt of the economy.
Also, I have to thank our long-term partners, who are always with us on such projects. Nai WMG, leading real estate companies and renowned law firm Andjelković, who helped us understand the portfolio and give our maximum. " - Jovic Milentijevic concluded.