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doBank has signed the final agreement for the management of a bad loans portfolio worth around euro 1 billion

20 December 2017
doBank has signed the final agreement for the management of a bad loans portfolio worth around euro 1 billion

 
 
Verona, 20 december – doBank S.p.A. (“doBank”) reports that it has signed an agreement based on which the doBank Group will be assigned the management, as special servicer, of bad loans for around Euro 1 billion (gross book value). This decision is part of the bailout deal for the banks Cassa di Risparmio di Rimini, Cassa di Risparmio di Cesena and Cassa di Risparmio di San Miniato (also known as the “Berenice” deal), which was carried out by the Italian Recovery Fund (formerly Atlante II).
The doBank Group’s management is expected to start in the first quarter of 2018.
 
The appointment as special servicer within the Berenice deal is in line with the Business Plan and the doBank growth strategy.