2020-10-30 Italian Banks and NPL Market – English Update

Andrea Enria, President of the Supervisory Board of the European Central Bank, has repeated once more his support to a new Bad Bank in a recent opinion published by Financial Times. In recent weeks, moratoriums on bank loans have expired in several EU countries with limited default (so far). However, the macroeconomic outlook remains very uncertain and it cannot be excluded that the weak economic recovery will be accompanied by a significant accumulation of non-performing loans. Leggi l’articolo

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Real Estate Advisory Group, a Duff & Phelps Group company, has conducted in collaboration with the GRI Club, a survey on the possible impact of the pandemic on the global real estate industry. According to the vast majority of respondents (90%), real estate prices will return to pre-pandemic levels by 2021 . Leggi l’articolo.

PayPal, one of the largest digital payment intermediaries, has announced its opening to cryptocurrencies, allowing its use ( only for U.S. users) in its e-commerce circuit and its 26 million vendors. PayPal will act as an authorized entity to hold, sell, buy and exchange virtual currencies, including, initially, Bitcoin, Bitcoin Cash, Ethereum and Litecoin. Leggi l’articolo.

IBL Banca and Prelios Innovation have signed a strategic partnership agreement aimed at the adoption of BlinkS, the digital platform developed by Prelios Group for the trading of non-performing credits (NPE, Non-Performing Exposures). Article in Italian.

Tinexta S.p.A. and Paolo Strocchi through Sun-Up Holding S.p.A. announced the creation of FBS Next S.p.A., a new servicer of Non-Performing Exposures (NPE), which will be based in Milan. The Strocchi family controls about 70% of the new entity, while Tinexta S.p.A., leader in digital services, participates in the capital with 30%, with an investment of about 2 million Euros. . Article in Italian

Marc Knothe, CEO, Intrum Italy and Carlo Cottarelli, Director, Public Accounts Observatory, discussed the prospects of the Italian economy at the time of Covid starting with the moderation of Marco lo Conte, Journalist of Il sole 24 Ore, starting from evidences provided by European Payment Report. Article in Italian.

A new edition in the economic survey on the housing market produce by Bankitalia, Tecnoborsa and Agenzia delle Entrate has tried to estimate effects of Covid 19 on real estate market and families’ behaviour. The survey was conducted among 1403 real estate agents in the period between August 31, 2020 and September 20. The current pandemic seem to have increased the demand for detached houses with outdoor spaces. Article In Italian.

Censis Confimprese released a Report on potential loss in aggregate consumption due to a possible new lockdown: the impact would be worth some 25 billion consumption. Article In Italian.

Last Week Update

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Pubblicato da Massimo Famularo

Investment Manager and Blogger Focus on Distressed Assets and Non Performing Loans Interested in Politics, Economics,


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