AI Terminal
Dovalue
Earnings Release • May 10, 2024
4145_rns_2024-05-10_950977ad-8b6f-4bf0-b6ec-f920da9ca13f.pdf
Earnings Release
Open in ViewerOpens in native device viewer
| Informazione Regolamentata n. 1967-52-2024 |
Data/Ora Inizio Diffusione 10 Maggio 2024 08:00:02 |
Euronext Star Milan | |
|---|---|---|---|
| Societa' | : | DOVALUE | |
| Identificativo Informazione Regolamentata |
: | 190394 | |
| Utenza - Referente | : | DOVALUEN06 - Della Seta | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 10 Maggio 2024 08:00:02 | |
| Data/Ora Inizio Diffusione | : | 10 Maggio 2024 08:00:02 | |
| Oggetto | : | Signing of new servicing agreements for ca. €1 billion GBV in Greece |
|
| Testo del comunicato |
Vedi allegato
PRESS RELEASE
SIGNING OF NEW SERVICING AGREEMENTS FOR CA. €1 BILLION GBV IN GREECE
Rome/Athens, May 10th, 2024 – doValue S.p.A. ("doValue," or the "Company") is pleased to announce that its subsidiary, doValue Greece Loan and Credit Claim Management Company S.A. ("doValue Greece"), has signed two new servicing agreements in Greece.
The first agreement, known as "Project Amoeba," involves managing a portfolio of secured, unsecured, retail, and corporate non-performing loans (NPLs) worth approximately €800 million GBV with Bain Capital Credit.
The second agreement, "Project Heliopolis II," involves managing a portfolio of NPLs worth approximately €202 million GBV with the EOS Group. Together, these agreements represent an onboarding total of approximately €1 billion GBV for doValue Greece.
Project Amoeba marks a significant enhancement in the quality and quantity of doValue's assets under management in Greece, further strengthening its relationship with Bain Capital Credit.
Project Heliopolis II represents an agreement with the leading global credit specialist EOS Group to onboard, manage, and collect a portfolio known as Project Heliopolis II. The portfolio consists of 5.5k loans across consumer, small business, and mortgage asset classes, involving over 4k debtors and representing an overall €474 million in claims.
These agreements, combined with the mandate with Attica Bank announced last March, bring the total newly committed GBV in Greece since the start of the year to €1.5 billion. This achievement firmly establishes doValue Greece as the market leader in both primary and secondary deals and put the Company to meet its target for new business in 2024.
The doValue Group is the leading operator in Southern Europe in credit and real estate management services. With an experience of more than 20 years and approximately €116 billion in assets under management (Gross Book Value) as at 31 December 2023 across Italy, Spain, Portugal, Greece and Cyprus, the doValue Group's business contributes to the economic growth by fostering the sustainable development of the financial system. The doValue Group offers an integrated range of credit management services: servicing of Non-Performing Loans (NPL), Unlikely To Pay (UTP), Early Arrears, performing loans, Master Legal, Due Diligence, data processing and Master Servicing.
***
The shares of doValue are listed on the STAR segment of Euronext Milan (EXM) and, in 2023, the Group reported Gross Revenue of €486 million and EBITDA excluding non-recurring items of €179 million.
Contacts
Image Building doValue
Media Relations Investor Relations Raffaella Casula (+39 348 306 7877) Daniele Della Seta (+39 06 4797 9184) Francesca Alberio, Matilde Tagliavini (+39 02 89011300) [email protected] [email protected]
| Fine Comunicato n.1967-52-2024 | Numero di Pagine: 3 |
|---|---|
| -------------------------------- | --------------------- |