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doBank S.p.A. (“doBank”) reports that it has signed an agreement with REV Gestione Crediti S.p.A. (“REV”) based on which the doBank Group will be assigned the management, as special servicer, of a portfolio of bad loans worth around Euro 2.4 billion (gross book value).
doBank S.p.A. informs that SoftBank Group Corp. announced on December 28, 2017 the completion of the previously announced acquisition of Fortress Investment Group LLC (NYSE: FIG) (“Fortress”) in cash.
Following the close of the transaction, SBG and its wholly-owned subsidiaries own the outstanding Fortress shares.
 doBank has signed the final agreement for the management of a bad loans portfolio worth around euro 1 billion
 
The Company part of the listed doBank Group for the ninth consecutive year obtains one of the highest ratings in Europe, confirming its position of "Primary and special loan servicer" in Italy.
The operation will lead to the creation of the largest independent Italian servicer specialising in the management of non-performing loans for the banking system.
doBank and Italfondiario constitute the largest independent banking group ("Group") specialising in loan management for the Italian banks, with a value of €83 billion Euro of managed loans (Gross Book Value).
The Fitch Agency has awarded doBank (a company owned by Fortress Investment Group managed funds) a "Special servicer" Rating of RSS1 on residential loans and CSS1 on commercial loans, upgrading them from the previous Rating Watch Negative (RWN).
The Board of Directors of doBank (a company owned by funds managed by the Fortress Investment Group) has appointed Andrea Mangoni as its new Managing Director.
Standard & Poor's has confirmed that its rating of doBank S.p.A. (formerly UniCredit Credit Management Bank S.p.A.) has not been affected in any way by UniCredit's sale of the company to the Fortress Investment Group (FIG LLC).