REPORTS AND
FINANCIAL
STATEMENTS
OF THE COMPANY
2022
Leading the evolution of the servicing industry
REPORTS AND
FINANCIAL
STATEMENTS
OF THE COMPANY
Registered office: Viale dell’Agricoltura, 7 – 37135 Verona
Share capital € 41,280,000.00 fully paid-up
Parent Company of the doValue Group
Registered in the Company Register of Verona, Tax I.D. no. 00390840239 and VAT registration no. 0265994023
www.dovalue.it
GOVERNING AND CONTROL BODIES
DIRECTORS’ REPORT
FINANCIAL STATEMENTS AS AT DECEMBER 31, 2022
1. FINANCIAL STATEMENTS
ILLUSTRATIVE NOTES
2. ACCOUNTING POLICIES
3. INFORMATION ON THE BALANCE SHEET
4. INCOME STATEMENT
5. INFORMATION ON RISKS AND RISK MANAGEMENT POLICIES
6. SEGMENT REPORTING
7. BUSINESS COMBINATION
8. RELATED-PARTY TRANSACTIONS
9. ANNEXES
10. PROPOSED ALLOCATION OF NET PROFIT FOR THE YEAR
11. CERTIFICATIONS AND REPORTS
CERTIFICATION OF THE FINANCIAL REPORTING OFFICER
REPORT OF THE AUDIT FIRM
FINANCIAL STATEMENTS AS AT DECEMBER 31, 2022
DIRECTORS’ REPORT
CONTENT
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6
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44
51
52
86
114
124
134
137
139
143
145
147
control bodies
Governing and
BOARD OF DIRECTORS
Chairman GIOVANNI CASTELLANETA
CEO ANDREA MANGONI
Directors FRANCESCO COLASANTI
(2)
EMANUELA DA RIN
GIOVANNI BATTISTA DAGNINO
(4)
NUNZIO GUGLIELMINO
(1)
ROBERTA NERI
(4)
GIUSEPPE RANIERI
MARELLA IDI MARIA VILLA
(2)
CRISTINA FINOCCHI MAHNE
(3)
BOARD OF STATUTORY AUDITORS
Chairman NICOLA LORITO
(6)
Statutory Auditors FRANCESCO MARIANO BONIFACIO
(6)
CHIARA MOLON
(5)
Alternate Auditors SONIA PERON
MAURIZIO DE MAGISTRIS
AUDIT FIRM EY S.p.A.
Financial Reporting Officer DAVIDE SOFFIETTI
At the date of approval of this document
(1) Appointments and Remuneration Committee Chairman
(2) Appointments and Remuneration Committee Member
(3) Chairman of the Risks, Related Party Transactions and Sustainability Committee
(4) Member of the Risks, Related Party Transactions and Sustainability Committee
(5) Chairman of Supervisory Committee, pursuant to Italian Legislative Decree 231/2001
(6) Member of Supervisory Committee, pursuant to Italian Legislative Decree 231/2001
4
5
doValue: a story of
growth and diversification
2017
2017
2019
2020
2021
2022
GBV
€77 bn
€82 bn
€132 bn
€158 bn
€150 bn
€120 bn
Listing on Borsa Italiana (now Euronext Milan)
doBank enters the Greek servicing market and announces the acquisition
of Altamira Asset Management, active in Spain, Portugal and Cyprus
doBank renounce to its banking license and takes on the name
doValue, completes the acquisition of Altamira (today doValue Spain)
and becomes market leader in Southern Europe
doValue announces the acquisition of Greek servicer FPS Loans
and Credits Claim Management
doValue completes the acquisition of FPS (today doValue Greece)
and becomes market leader in Greece
doValue has completed the issue of its first bond
doValue signs an agreement for the investment in a stake of c.10%
in Brazilian fintech company QueroQuitar
doValue completes the issuance of its second bond
doValue acquires an approximately 15% stake in lrish proptech
company BidX1
doValue admitted to the STAR segment of Euronext Milan
Expiry of the contract with Sareb and off-boarding of its €21 bn portfolio