Prelios Credit Servicing (PRECS, 100% owned by Prelios S.p.A.), specialized in the management and recovery of non-performing loans (“NPL”), is duly registered in a special register provided for by Article 106 (c.d "Albo unico") of the Consolidated Banking Act.
The independence and authoritativeness of PRECS makes it the ideal partner for global banks and investors.
The company operates through a highly-specialised structure with financial, real estate and legal expertise. It has local agencies and a real estate and legal professionals network covering the entire country. PRECS offers Special Servicing solutions, i.e. credits management and recovery; Master Servicing solutions, i.e. administrative, accounting services; Corporate Servicing, i.e. institution and management of special purpose vehicles; due diligence of loan transfer portfolios and advisoring for the purchase and disposal of portfolios.
During the 2016 the Company acquired new assets under management of approximately €1 billion, in relation to the special servicing activity. The total gross book value (GBV) of the cross-asset portfolio under management is equal to €9.5 billion.
Last updated: 10/01/2017 00:00