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

Press release

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 thedoBank 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, Cassadi 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.

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About the doBank GroupdoBank, listed on the Mercato Telematico Azionario organized and managed by Borsa Italiana S.p.A., is the leading independent servicer of largely non-performing loans on behalf of private- and public-sector banks and financial institutions. At 31 December 2016, its loan servicing portfolio amounted to Euro 81 billion (gross book value), i.e. more than half the volume of non-performing loans transferred to independent servicers in Italy and approximately one third of the country's total non-performing loans. At 31 December 2016, as shown in the Pro-Forma Consolidated Financial Statements, the doBank Group reported Euro 206.2 million in gross revenues: 93% came from servicing operations, 4% from selling ancillary products, and 3% from minor banking operations.

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