doValue Greece signed a Memorandum of Understanding (MoU) with Bain Capital Credit, the leading credit specialist internationally. Through this MoU we are undertaking the exclusive management of a non-performing loan portfolio for a total claim of around €2.6 billion.
Project Icon portfolio
The portfolio, known as Project Icon, comes from the National Bank of Greece. It mainly consists of secured loans of large, medium and small businesses:
- with a total claim of around €2.6 billion
- from more than 1,500 debtors across Greece
The MoU includes a large range of actions in preparation for the inclusion and management of the portfolio, which will be performed by doValue Greece. The active management of the portfolio is expected to start within 6 months.
Read more about the Project Icon portfolio and other portfolios that we manage.
Leading position in the Greek market
doValue Greece is further solidifying its relationship with Bain Capital Credit, which is already a doValue Group client in Spain and Italy.
Through this MoU, it is strengthening its position in the Greek independent servicer market.
Find out more in the Press Release dated 02/07/2020 (pdf, 47KB).