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doBank has signed the final agreement with rev for the management of a bad loans portfolio worth around euro 2.4 billion

24 January 2018
Verona, 24 January 2018 – doBank S.p.A. (“doBank”) reports that it has signed an agreement with REV Gestione Crediti S.p.A. (“REV”) based on which the doBank Group will be assigned the management, as special servicer, of a portfolio of bad loans worth around Euro 2.4 billion (gross book value). The loans covered by the agreement were originated by Banca delle Marche, Banca dell'Etruria e del Lazio, Cassa di Risparmio di Ferrara and Cassa di Risparmio di Chieti. The doBank Group’s management is expected to start in the first quarter of 2018.
The size of the portfolio makes doBank, to date, the main external servicer appointed by REV for the management of its portfolio.
The present special servicing agreement confirms what envisaged in the Business Plan and is in line with the growth strategy of doBank.