AMCO launches RE.Perfom Project
AMCO LAUNCHES RE.PERFORM PROJECT
- Set-up of a specialised team to manage residential mortgages aiming to facilitate households’ return to performing status
- In line with the strategy, sale of over €400 million retail re-performing mortgages, contributing to the development of an efficient market
Milan, 24 February 2025. In line with the 2024-2028 Strategic Plan and with the “GSSE” Sustainability targets1, AMCO-Asset Management Company S.p.A. launched RE.Perform, an innovative project to support retail residential mortgage clients in their return to performing status, aiming at households’ financial recovery and access to new credit.
AMCO created a dedicated unit – inside the NPE & Outsourcing Division – managing residential mortgages with the objective to facilitate debtors’ return to performing status thanks to sustainable repayment plans. This approach aims to support households’ financial stability and facilitate their access to new credit. Those loans will be managed, in line with AMCO’s business model, partly in-house and partly via third-party servicers.
In parallel, AMCO signed an agreement with funds managed by AB CarVal, an established global alternative investment manager, to sell a re-performing loans portfolio with a size of over €400 million (GBV). The portfolio consists of retail mortgages. The transaction is the result of a competitive process involving several market players.
The transaction represents an industry benchmark and contributes to the creation of an efficient re-performing residential mortgage market in Italy, in line with AMCO’s systemic role.
AMCO was assisted by Alantra as financial advisor and the law firm Hogan Lovells Studio Legale as legal advisor for the portfolio disposal.
1Sustainable Governance, Sustainable Credit Management, Sustainable Development of Human Capital and Environmental Protection.
