The REO portfolios’ transactions reached 327.8 million euro, whereas the REO conversion volume reached 123 million euro and the RED volume 53.4 million euro during the first quarter.
According to the company’s latest report, revenues reached 45.2 million euro and a profit of 6.2 million euro.
Haya’s commercial activity and yield during the first quarter of 2020 were affected by the Covid-19 crisis. The servicer expects this impact to be reflected in the second quarter of 2020 when compared to previous quarters, with uncertain expectations as to the rest of the year. In order to mitigate these impacts, the company conceived a contingency plan which includes a strategy to reduce costs for the coming months.
Enrique Dancausa, Haya’s CEO, stated that «we have confidence on the strength of our company and our employees to respond to the changes needed to face this crisis and ensure that Haya takes advantage of the opportunities which will appear. The context is very challenging and the prospects for 2020 are very uncertain. Nevertheless, we are doing all that we can to mitigate the impacts and will remain focused on serving our clients in order to overcame this crisis together».