Management of €0.4 billion Alpha Bank Cyprus and ACAC NPL portfolio assigned to doValue Cyprus

doValue Cyprus has enriched its turnover with a new portfolio, further strengthening its leading position in the Non-Performing Loans management sector.

More specifically, doValue Cyprus has undertaken the portfolio management of Alpha Bank Cyprus and Alpha Credit Acquiring Company (ACAC), a subsidiary of Alpha Bank, one of the Greek systemic banks with a presence in Cyprus.

It is noteworthy that the portfolio includes NPLs from approximately 1,700 borrowers with a total value of €0.4 billion and €0.2 billion in terms of Gross Book Value.

With the signing of the contract, doValue Cyprus received the authorisation to operate as the sole and exclusive manager of the portfolio, consolidating its position as a leading force in the NPL management industry in Cyprus.

Among doValue Cyprus' partners are leading organisations such as KEDIPES, Brain Capital, Cerberus and now Alpha Bank, strengthening its reputation as the most reliable provider of NPL management services in Cyprus.

In his statements, the CEO of doValue Cyprus, Varnavas Kourounas, expressed satisfaction with the addition of a new NPL portfolio by Alpha Bank Cyprus and Alpha Credit Acquiring Company (ACAC), noting that this is a significant development for the group.

"We remain committed to providing high-quality services in the field of Non-Performing Loans management, with a focus on finding sustainable solutions.

"The establishment of a partnership with Alpha Bank Cyprus not only confirms our position as a leading force in the NPL management industry, but also highlights our commitment to contributing to the stability and development of the financial system," Kourounas emphasised.

• About doValue Cyprus

doValue Cyprus is a member of the international doValue Group, the largest independent loan and real estate management Group in Southern Europe, headquartered in Italy and with assets under management of approximately €120 billion.

The Group holds a dominant position in Italy, Greece, Spain, Portugal and Cyprus. In Cyprus, it is the largest independent loan manager while also maintaining the largest real estate platform, Altamira Real Estate , which manages the Group's real estate portfolios and has the largest sales network on the island.