doValue SpA
(Euronext Milan DOV.MI), leader in Southern Europe in strategic financial services, real estate management and value-added services, announces an important milestone with the signing of two new mandates in the Hellenic region, for a total value of €1,6 billion of Gross Book Value (GBV).
In fact, an agreement has been signed €1,4bn servicing mandate in Greece for the second tranche of the Alphabet portfolio, owned by Fortress and Bain Capital, strengthening the long-term partnership. In addition, a new NPL mandate in Cyprus from Alpha Bank for €200 million. These developments contribute to the goal of reaching €8 billion of GBV by 2025.
doValue in Greece: Alphabet Portfolio
doValue Greece Loan and Credit Claim Management Company SA (“doValue Greece”) has been granted the mandate for manage the entire portfolio owned by funds managed by Fortress Investment Group and Bain Capital. This portfolio represents the second of three tranches of the “Alphabet Project” in Greece, with a total value of approximately €5 billion following the first tranche.
The Alphabet Secured Retail portfolio, for which doValue has been appointed as sole servicer, has a Gross Book Value (GBV) of approximately €1,4 billion and total outstanding amounts amounting to approximately € 2,8 billion, including accrued interest and late payment costs. The portfolio includes approximately 17.000 borrowers and is guaranteed by property.
The new mandate further strengthens doValue’s leading position in Greece, confirming the importance of the strategic partnership with Bain Capital and Fortress.
New NPL Mandate in Cyprus
Furthermore, a new NPL mandate was signed with a Gross Book Value (GBV) of approximately €200 million in Cyprus. doValue Cyprus will be responsible for managing the portfolio of Alpha Bank Cyprus Ltd (“Alpha Bank”), one of the leading Greek banks active in the Cypriot market.
This portfolio includes NPLs arising from approximately 1.700 debtors, with a total of credits equal to approximately € 0,4 billion and a GBV of approximately €0,2 billion. doValue has been appointed as the sole servicer, further consolidating its position as leadership in the Cypriot market, where it holds over 50% market share.
A new stage in a successful journey
The Hellenic region therefore confirms itself as a key growth driver for doValue also in the new year.
The new contracts signed mark a Positive start to the year, with €1,6 billion of GBV from new mandates, already exceeding the new business target set for 2024. These developments underline the successful path undertaken by the Group, consolidating its leadership position in the market.
The continued expansion and growth of the customer base strengthens doValue's confidence in achieving its ambitious goals regarding profitability and growth, established in the 2024-2026 Industrial Plan.
What is doValue and its mission
doValue is a European financial services provider active in several countries (Italy, Spain, Greece and Cyprus) specializing in innovative solutions across the entire credit lifecycle, covering origination, recovery and alternative asset management.
with over 20 years of experience and approximately €137 billion of assets under management (Gross Book Value) as of 30 September 2024, including the acquisition of Gardant which took place in November 2024, the Group supports the economic growth through the sustainable development of the financial system, offering a full range of services in credit management.
Among these, there are the Unlikely To Pay (UTP), the servicing of Non-Performing Loans (NPL), the Early Arrears, Performing Loans, legal and due diligence activities. In addition, the Group provides Master Servicing and asset management services, with investment solutions focused on illiquid and impaired loans, aimed primarily at institutional investors. In 2023, doValue reported revenues of €486 million and EBITDA of €179 million, excluding non-recurring items, and its shares are listed on the Euronext STAR Milan (EXM).
- Article updated on 24/11/2025 at 16:48 - Content updated
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