Gardant Liberty Servicing

Gardant Liberty Servicing — of which Special Gardant holds 70% and Banco BPM 30% — is licensed pursuant to art. 115 TULPS and performs the activity of special servicer with focus on:

• Initial portfolio of over EUR 7 billion of NPLs (nominal value), sold by Banco BPM to the securitisation vehicle Leviticus SPV S.r.l;
• A flow of new non-performing loans generated by Banco BPM each year, under a ten-year management contract concluded with Banco BPM.
• A portfolio of loans classified as non-performing for a gross amount (GBV) of EUR 1.5 billion, of which about half are unsecured, the result of a securitisation transaction (known as “Project Rockets”) carried out by Banco BPM.