Zeus Recovery Fund S.A. (ZRF) is a Luxemburg-based company which specializes in managing distressed debt portfolios
Its original founders were Bank of America Merrill Lynch and Bawag Bank of Austria, who were equal shareholders when establishing the company in 2008
In 2014 ZRF was sold to a new owner in 2014
ZRF is managed by five directors including three independent directors professionally residing in Luxembourg.
The Mission and Services
ZRF’s principal mission is to purchase distressed debt portfolios from the originating financial and credit institutions and to thereafter service and manage these in the most appropriate manner, passing on benefits to the final borrowers as much as possible
ZRF has purchased large unsecured bank portfolios from Greek banks to date which it regularly services
All borrowers are contacted in order to be informed of the loan transfer and to identify the best repayment plan with our highly skilled advisors
Once repayment has taken place, each borrower is provided with a pay-off certificate, proving that the debt claim no longer exists.
The People
From its shareholders through to its debt advisors, the ZRF team and collaborators are highly experienced in the field of collections and recoveries
NC National Credit GmbH is founded and run by an experienced team of lawyers who are both present and well versed in the German and Northern and Eastern European territories
ZRF’s local support consists of a Master Servicing unit, based on high calibre individuals who between them bring a dynamic mix of collections, customer service and operational experience
It is also supported locally by the law firms which service the debt claims and are in direct contact with the borrowers. In this respect it has chosen to partner with the best of class in Greece.
The Future
ZRF is actively identifying reviewing its target markets with a view to purchase and thereafter service further portfolios which meet its criteria.
Contact Us
Address: 2, Rue Josy Welter, L-7256 Walferdange, Luxemburg