The Subsidiary Cerved Credit Management Appointed to Act As Special Servicer on Approximately Euro 2.0 Billion of Non-Performing Loans

Cerved Information Solutions S.p.A. (MTA: CERV), parent holding company of the Cerved Group, the largest information provider and credit servicer in Italy, announces that the subsidiary Cerved Credit Management S.p.A. has been appointed by REV Gestione Crediti S.p.A. to act as special servicer on Euro 2.0 billion of non-performing loans generated by Banca delle Marche, Banca Popolare dell’Etruria e del Lazio, Cassa di Risparmio di Ferrara, and Cassa di Risparmio della Provincia di Chieti.

Marco Nespolo, Chief Executive Officer of Cerved Information Solutions S.p.A., commented: “Having been awarded a new servicing contract on Euro 2.0 billion of non-performing loans in a relevant transaction for the Italian banking system confirms our leading position in the credit management sector and allows us to start 2018 in the best possible manner”.

Source: Cerved Press Release