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Lindorff acquires Gextra from doBank Banking Group in Italy

Press Release   •   May 16, 2017 08:34 GMT

Antonella Pagano, Country Manager Lindorff Italy

doBank, Italy’s largest banking group specialised in loan management services and Lindorff Italy, the Italian branch of the European credit management services company, have signed an agreement for the sale of Gextra to Lindorff. Gextra is a specialised player in small debt collection services. It is controlled by doBank through Italfondiario.

Gextra is a management consulting and outsourcing services company serving the credit management services industry in Italy. Gextra manages credit recovery activities through a network of agents distributed in all Italian provinces, highly skilled and able to ensure the highest level of service in terms of relationship and negotiating ability with customers (debtors).

Gextra was the first italian player in the sector to be certified by Ethical Debt Collection, the new European standard developed by LifeGate and SAI Global, which guarantees transparency and ethics in the recovery process credits.

“The decision to acquire Gextra will allow us to strengthen our platform in the retail segment and help our clients restore their customers to a life of sustainable spending,” says Antonella Pagano, Country Manager Lindorff Italy

“The sustainability of the recovery, which is guaranteed by Gextra under its ethical certification, is a key aspect for the Lindorff Group. Our business model is to help people manage their debts responsibly,” concludes Pagano.

About Lindorff

Lindorff has been in the business of helping people manage credit for over 100 years. Our headquarters are located in Oslo, Norway, the same city as Eynar Lindorff founded the company back in 1898. Today we have 4400 people in 12 countries across Europe helping customers back to a life of sustainable spending. 

Lindorff holds a leading position in Europe in the Credit Management Services. We are majority owned by Nordic Capital Fund and we offer services within debt collection and debt purchase as well as payment and invoicing services. In 2016 we generated € 647 million in net revenue (2015 € 534 million).

About doBank Banking Group

The doBank Group was born in 2016 from doBank's acquisition of Italfondiario and is the largest Banking Group specialised in the management of Non-Performing Loans, with over 1.7 million loans for a total GBV (Gross Book Value) of 81 billion euros at 31 December 2016. It has more than 3,000 professionals, either employees or external consultants, across its offices throughout Italy, including in Verona, Rome, and Milan.

The doBank Banking Group is the largest non-performing loan Servicer and a leader in assessing and servicing real estate NPLs as well as gathering and developing information to support loan servicing operations.

For several years now, the doBank Group has been one of the highest rated firms by S&P and Fitch Ratings in Italy.

The Group's various companies perfectly complement each other, making doBank the strategic Partner for performing and non-performing loan servicing.

The doBank Banking Group includes: doBank, Italfondiario, doRealEstate, IBIS, and doSolutions.

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