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Distressed Asset Management and Divestment Practices by Deposit Guarantee Funds in Serbia and Ukraine

Washington, DC: World Bank

🛡CC BY-NC 3.0 IGOPermitted use with attribution

pages: 44
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Abstract

Effective and efficient management and sale of distressed assets helps minimize risks to financial stability and support economic growth. This paper summarizes the asset management and divestment experience of deposit guarantee funds in Serbia and Ukraine. It also provides some examples of practices from selected asset management companies in Western Europe. These could help inform policy decisions on the design of bank liquidation frameworks aimed at improving operational capacity. The examples suggest the following are key factors that contribute to successful distressed asset management and divestment: (i) sound governance practices and clear legal frameworks, (ii) comprehensive asset management and divestment strategies, (iii) active asset management and improvement of assets with safeguards in place to maximize return, (iv) transparent and prudent asset valuation, and (v) transparent and competitive asset sale.

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