doValue

Italian debt recovery company doValue, which is also active in Greece, plans to diversify its sources of revenue beyond non-performing loans, its CEO said on Friday, after it reported a €19 million net loss for 2023.

The acquisition of FPS by Italian group doValue will serve as a springboard for the latter's expansion in the wider Southeastern Europe region according to its CEO Andrea Mangoni.

In an interview with Kathimerini, Mangoni says that the Italian group's aim is to become the leading servicer of nonperforming exposures in Greece ahead of the emergence of the secondary NPE market.

Stocks suffered a day of losses at the Athens Stock Exchange on Friday, with just a handful of sessions left till the end of the year for traders to complete their window dressing, but the benchmark didn't lose all its weekly gains, posting an increase of 0.11 percent compared to the previous Friday.

Italy's biggest loan recovery firm doValue has emerged as the strongest bidder for Eurobank's loan servicing unit, sources familiar with the matter have told Reuters.
The deal is critical for the turnaround of Greece's third largest lender.