DoValue begins exclusive servicing of “PROJECT ICON” in Greece
Do Value, the leading Loan Management and Real Estate Services Company for banks and investors in Greece, is pleased to announce today the completion of onboarding in its systems of “Project Icon”, a portfolio of non-performing loans for a total claim of approximately €2.6 billion, and the initiation of its exclusive servicing. The portfolio originates from National Bank of Greece and primarily consists of secured SME and small business loans, from more than 1,500 debtors distributed throughout Greece.
DoValue Greece signed a servicing agreement with Bain Capital Credit, a leading global credit specialist, who acquired the ICON portfolio. DoValue Greece, having successfully completed all the systemic procedures now begins to service this portfolio actively, implementing a wide range of actions and initiatives.
DoValue is the leading servicer in Southern Europe focusing on managing loans and real estate, originating mainly from Non Performing Exposures, on behalf of banks and investors. After the incorporation doValue Greece in the Group, it manages more than €162 billion in loans and real estate, utilizing deep knowledge of all types of credit exposures in all phases of their cycle.