doValue rises after 500 mln euro deal with Greece's Attica Bank

CrediaBank SA

06/03/2024 09:00

** Shares in Italy's doValue  DOVA.MI  rise as much as 5.7%
after the back announced a servicing deal with Attica Bank
 BOAr.AT , Greece's fifth-largest banking institution
    ** The bad loan manager signed a new servicing deal
regarding an NPE portfolio worth around 500 mln euros ($543.30
million) in gross book value
    ** Banca Akros considers the deal "a small positive news for
the group, in the context of difficult sector trends", as the
group aims to diversify beyond non-performing loans following a
19 mln euro net loss in 2023
    ** At 0852 GMT, shares in doValue are up 2.9%​,
outperforming Italy's All-share index  .FTITLMS , which rises
0.4% 
    ** Up to the previous session's close, shares were down
44.8%​ YTD


($1 = 0.9203 euros)

 (Reporting by Enrico Sciacovelli)
 ((enrico.sciacovelli@thomsonreuters.com))