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Financial Highlights
 
€ million 2016 (1) 2017 2018
Gross revenues 206,2 213,0 233,5
Net revenues 188,4 194,9 209,6
EBITDA 64,3 70,1 84,0 (2)
EBITDA margin 31% 33% 36%
EBT 64.2 68,1 80,2
Net profit 40,4 45,0 52.6 (2)
 1. Pro-Forma
 2. Excluding non recurring items 

 
  2016 2017 2018
Asset Under Management (GBV) € 80,9 mld € 76,7 mld € 82,2 mld
Collections € 1,70 mld € 1,84 mld € 1,96 mld

Managed Portfolio: EUR 82, 2 billion

After the acquisition of Italfondiario in 2016, the doBank Group has become the largest independent Servicer specialized in the NPL management with EUR 82,2 billion of GBV (Gross Book Value) at 31 December 2018, which represent about one third of the NPL and UTP servicing market.
The volumes managed by the Group, which went from EUR 2.5 billion in 2000 to EUR 88 billion (as at 31.12.2018), highlighted its growth capacity and success in the assets under management activity.
 


Collection: EUR 1.96 billion

Throughout 2018, the doBank Group collected EUR 1.96 billion related to the loans under management.

Thanks to its servicing expertise and business model, doBank achieves a steady and progressive improvement in the loan collection times and in the costs thereof, thus enabling its clients to maximize their returns.
 

Revenue: EUR 233,5 billion

The business model of the doBank Group is based on multi-year Servicing Contracts with Banks and Financial Investors generating stable and highly predictable revenues as well as robust cash flows.
The loan management on behalf and on mandate of third parties has always been the traditional core business of the doBank Group, since it represents 88% of the consolidated gross revenues as at 31 December 2018.

The doBank Group provides its clients a full suite of services including Ancillary Products relevant to commercial, real estate and legal activities through the Group Companies doData - Real Estate and the Judicial Management Divisions, which represent nearly 12% of the gross consolidated revenues as at 31 December 2018.


EBITDA: EUR 84,0 million

The asset structure of the doBank Group is robust with a Common Equity Tier1 Capital amounting to EUR 155,1 million at 31 December 2018 with a CET1 ratio equal to 26,1% -far above the regulatory requirements set by CRD IV. Finally, the Group credit risk is significantly lower compared to a traditional bank.


Consolidated Net Profit: EUR 52,6 million