AMCO optimises its outsourced credit management
AMCO OPTIMISES ITS OUTSOURCED CREDIT MANAGEMENT THROUGH THIRD-PARTY SERVICERS
Milan, 27 January 2025. AMCO-Asset Management Company finalised a credit management agreement with selected external servicers, with the aim of optimising its outsourced credit management. The initiative is part of the strategy of improving the operating model’s efficiency, as defined in the 2024-2028 Plan ‘We Produce Value’.
As of 1 January 2025, the management of the outsourced portfolio – which previously involved 15 special servicers – will be assigned to 8 servicers1, identified according to strict selection criteria.
AMCO’s operating model is based on in-house management of UTP and large non-performing files, while the management of smaller tickets is outsourced.
The servicers’ selection process was carried out by guaranteeing transparency and the application of industrial logic with the aim to maximise the value of the portfolio. The selection criteria was focused on specialisation, historical performance and ongoing consolidation processes in the sector.
The new agreement ensures constant monitoring of servicers’ activities, with the aim of ensuring greater efficiency and adherence to ESG criteria, which are central in AMCO’s strategy; the agreement was made effective by the re-allocation of credit files in close cooperation with all the servicers involved in the process.
This reorganisation represents a further step in AMCO’s commitment to optimise its operating model, strengthening its capability to produce sustainable value in the long term.
1 Advancing Trade, Cerved, Cribis, doValue-Gardant, Ifis Npl Servicing, Intrum, iQera, Prelios.
