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M&A Activity Mar 5, 2024

4145_rns_2024-03-05_c0a80d37-cf2f-4d75-bf72-3c6bc376bb54.pdf

M&A Activity

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Informazione
Regolamentata n.
1967-27-2024
Data/Ora Inizio Diffusione
5 Marzo 2024 19:55:01
Euronext Star Milan
Societa' : DOVALUE
Identificativo Informazione
Regolamentata
: 186923
Utenza - Referente : DOVALUEN06 - Della Seta
Tipologia : REGEM
Data/Ora Ricezione : 5 Marzo 2024 19:55:01
Data/Ora Inizio Diffusione : 5 Marzo 2024 19:55:01
Oggetto : Signing of a servicing agreement for €0.5 billion
GBV with Attica Bank in Greece
Testo
del
comunicato

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PRESS RELEASE

SIGNING OF A SERVICING AGREEMENT FOR €0.5 BILLION GBV WITH ATTICA BANK IN GREECE

Rome, March 5th , 2024 – doValue S.p.A. ("doValue", or the "Company") is pleased to announce the execution of a new servicing agreement (the "Agreement") with Attica Bank S.A. ("Attica Bank" or the "Client") through its subsidiary doValue Greece Loan and Credit Claim Management Company S.A. ("doValue Greece").

The Agreement pertains to the servicing of an NPE portfolio worth approx. €0.5 billion GBV that forms part of a de-securitised portfolio known as Project Omega (the "Portfolio"), which was retransferred to Attica Bank in February 2024.

Attica Bank is ranked as the fifth-largest banking institution in Greece, offering a vast range of financial services to individuals and small and medium businesses in Greece, from deposit to investment and insurance products.

Currently, doValue Greece is servicing €30bn of NPEs, including 7 HAPS securitizations, and this deal marks another pivotal addition to doValue Greece's portfolio of banking clients, enhancing its reputation in the Greek NPL market.

***

doValue is the main operator in Southern Europe in the management of credit and real estate for banks and investors. With more than 20 years of experience and approximately €116 billion of assets under management (Gross Book Value) across Italy, Spain, Portugal, Greece and Cyprus, doValue Group's activities contribute to the economic growth by promoting the sustainable development of the financial system. The doValue Group offers an integrated range of services: management of Non-Performing Loans (NPL), Unlikely To Pay (UTP), Early Arrears, performing credit, real estate management, master servicing, data processing and other ancillary services for credit management. The shares of doValue are listed on the STAR segment of Euronext Milan (EXM) and, in 2023, the Group reported Gross Revenues of €486 million and EBITDA excluding non-recurring items of €178 million.

Contacts

+39 02 89011300 +39 06 47971489

Image Building doValue - Investor Relations [email protected] [email protected]

Fine Comunicato n.1967-27-2024 Numero di Pagine: 3
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