SIGNING OF PROJECT FRONTIER
Project Frontier is the first securitisation of a portfolio of non-performing loans by NBG, under the Hellenic Asset Protection Scheme, and was successfully awarded through a competitive process where doValue Greece participated and undertook the servicing of the portfolio.
Exclusive management of the PROJECT ICON portfolio in Greece
doValue actively undertakes the exclusive management of the PROJECT ICON portfolio, with a wide range of actions and initiatives.
The NPL portfolio for a total claim of €2.6 billion comes from the National Bank of Greece. It mainly consists of secured large, medium and small company loans taken out by more than 1,500 debtors throughout Greece.
For the management of this portfolio, doValue signed an agreement with Bain Capital Credit, a leading international credit specialist.
doLook platform for non-performing “red” loans in Greece and Cyprus
doValue, the leading loan servicer in South Europe, and Debitos, one of the leading secondary online debt market in Europe, extend their cooperation.
They launched the doLook platform for non-performing “red” loans in Greece and Cyprus, specially designed for doValue:
- Customised to the specific market needs in Greece and Cyprus, it facilitates the sale of non-performing loans (NPLs) managed by doValue and other operators.
- It uses the tested technical infrastructure developed by Debitos, already available in Greek.