Westminster One NSFIZ

In 2020, we opened a new investment fund - Westminster NS FIZ - which will deal with the purchase of mortgage - secured debts. The assumed value of the fund's assets is PLN 100 million. The part of the Fund responsible for its management and representation in relations will be BPS Towarzystwo Funduszy Inwestycyjnych S.A. with headquarters in Warsaw. The cooperation agreement was signed by Gunnar Neumann, President of the Management Board of Westminster Polska, and on the part of BPS TFI, President of the Management Board, Piotr Antonowicz, and proxy, Mateusz Ogłodziński.

This is a milestone for us, which marks the next stage of our activity on the Polish market, and cooperation with BPS TFI opens up new opportunities for investing capital. The Westminster NS FIZ fund was registered on May 29, 2020. Its activity will focus on the acquisition of selected receivables with attractive collateral and on the pursuit of claims from these receivables. Selected employees of BPS TFI S.A. will be responsible for the ongoing operations of the Fund, including an investment advisor, financial analyst and a group of lawyers.