Loan Agency Services, a company specialized in contractual agency, and AMCO, an asset management
company specialized in non-performing receivables and leader in the UTP receivables field of which the
Italian Ministry of Economy and Finance (MEF) is a shareholder, have signed a framework agreement
providing for LAS to take over as Agent in the pool and financial restructuring operations acquired by AMCO.
The agreement will initially apply to the receivables recently acquired from the Monte dei Paschi di Siena
Group, made up by non-performing and unlikely-to-pay receivables equal to 8 billion Euros. Loan Agency
Services will replace AMCO/MPS as agent in the pool operations of the portfolio and perform supporting
activities for all the Banks.
With this agreement, LAS consolidates its leadership in the agency field and is recognised as a go-to
operator also for a relevant player such as AMCO. This is a great recognition of the quality of the LAS
operational structure, in which the company has invested over the years, able to guarantee efficient services,
reliable management systems and quick running times, in order to support not only single operations, but
also entire receivables portfolios.