Debitos, doValue & Italy – a success story!
Frankfurt 21st of July 2021:
- More than € 2,5 Bn sold in Italy
- White-Label-solution with doValue established
- More than 680 investors available for Italy
Debitos has started his international activity from Frankfurt already more than 3 years ago when the European Central Bank initiated the idea of an European NPL Transaction Platform. Later on the European Commission and the European Banking Authority underlined the need of a Cross-Boarder platform to strengthen the development of secondary markets for Banks. While at the beginning Debitos focussed more on international advisors to be integrated in their Ecosystem, in Italy they have found with doValue, the leading loan servicer in Southern Europe, the perfect partner. Despite the outbreak of the pandemic and an unstable loan market Debitos has made available in 2020 a white-label solution called doLook for doValue.
doLook simplifies and standardizes the transaction process of NPLs to ensure that more efficiency and liquidity is available to the secondary market. By now more than 750 real estate backed loan transactions with a GBV of over € 140 million have been sold via doLook. Currently, over 7,500 transactions are live on doLook with a total GBV of over € 1.1 billion. The total number of investors available for Italy has already grown to over 680, while 505 are domestic investors and 175 are foreign investors.
doValue has decided in 2021 after 12 successful months to expand the cooperation to Greece & Cyprus.
Next to this Debitos was able to sell additionally more than 240.000 loans with a total GBV of more than €2,36 Bn in Italy. Especially international customers that use Debitos in different countries have also sold loans in Italy. Due to Debitos membership in the umbrella organization FENCA (Federation of European National Collection Associations) Debitos was able to sign with UNIREC (Unione Nazionale Imprese a tutela del Credito) a cooperation for their members focussed on unsecured transactions and small tickets.
New sellers already joined the doLook platform and Debitos is signing off several new agreements with major banks and servicers on the Italian market following the successful 1st year track record with doLook platform to sell NPL/UTP exposures.
Debitos is the leading secondary debt market that enables companies, banks and funds to sell their credit exposures on the market through its open and transparent auction-based online transaction platform. The platform leverages on the digitalization of the entire sale process and can reduce the expected disposal timing to 3-8 weeks compared to 3-6 months of the traditional process. Debitos was founded in Frankfurt in 2010 and has since successfully transacted more than 645,000 loans in 16 countries. By now more than 1,300 investors from all over Europe have registered with Debitos.