(Teleborsa) – AMCO – a company owned by the Ministry of Economy and Finance and a leading operator in the management of impaired loans – closed the first half of 2021 with 33.1 billion euros Asset under Management (AuM), up 43% compared to the same period a year ago. Of these, 58% are bad loans and 42% are unlikely to pay (UTP or unlikely to pay). 55% of the total AuM relates to servicing contracts, while 45% derives from portfolio purchases (investments).
The takings in the first six months of the year they reached 3.7% of the average AuM and stood at 579 million (+ 116% year on year). AMCO attributes the improvement in the performance of collections to the “greater knowledge of portfolios and the progressive exploitation of the in-house / outsourcing management model”, as well as to the improvement of the macroeconomic environment. L’EBITDA increased to 89.6 million euros (EBITDA margin at 63.3%), while theNet income it was up to 36.5 million euros (just under 7 million euros a year ago). CET1 is at 37.4%.
“Over the last 12 months, our business volumes have continued to grow, as have collections, which in the first half of the year recorded an excellent performance due to a greater knowledge of our portfolios and the flexibility of our model. which allows us to manage credit both in-house and in outsourcing, ”he said Marina Natale, managing director by AMCO. “Thanks to the solidity of our balance sheet we are ready to grow further“, he added.