2021-01-08 Italian Banks and NPL Market – English Update

Italy is working on a plan to take on about 14 billion euros ($17 billion) of UniCredit’s impaired loans to make a takeover of state-owned Monte dei Paschi more attractive for the country’s second-biggest bank, sources told Reuters. Read the Article.

Listen to Entering Italian NPL Market Podcast

PWC published a new report on Italian NPL Market stating that ” COVID-19 crisis has surprised everybody, reshuffling the cards and bringing back to the table all participants that are now trying to understand how the market will evolve in the next few months and years. Read the report.

The European Commission has presented a strategy to prevent a future build-up of non-performing loans (NPLs) across the European Union, as a result of the coronavirus crisis. The strategy aims to ensure that EU households and businesses continue to have access to the funding they need throughout the crisis. Read Press Release.

Prelios Credit Servicing, a Prelios Group company , has been appointed Master and Special Servicer in the context of the sale – announced by UBI Banca – of a portfolio of non-performing SME loans for over 0.8 billion euro before adjustments. Read the article in Italian.

Fides S.p.A., leader in Credit Protection Services, announced the launch of the new platform for the digitalization of the debt collection process. Many new features have been introduced to improve the customer experience and simplify payment systems. Read the article in Italian.

Bayview Italy, has launched the first securitization of real estate assets in Italy. A recent update law has made possible to use real assets instead of loans within scuritization schemes.s. Read the article in Italian.

Italy is working to extend by 12 months a state guarantee scheme designed to help banks shed problem loans, two sources familiar with the matter said on Tuesday, as the industry braced for a surge in pandemic-driven defaults. Authorities are focusing on how best to help banks deal with the fallout from the coronavirus crisis, once governments unwind extraordinary measures they deployed to support businesses. Read the News

Unicredit announced that the first tranche of new Sandokan 2 Project have been completed. The bank itself with Pimco and GWM are going to underwrite the notes while Aurora REcovery Capital (AREC) will act as Asset Manager and Special Servicer of the securitization. Read the article in Italian.

Alba Leasing, with Banco BPM and Release, has completed a securitization transaction of non-performing loans within a multi originator deal worth some 335 milion euro GBV. The final buyer is a primary international institutional investor. Read the article in Italian

Guber Banca announced the acquisition of non-performing loans in December for a total nominal value of over € 680 million, confirming to be an active investor in the NPE market, both through direct acquisitions and by strengthening partnerships with Italian and foreign institutional investors.Read the article in Italian

Illimity Bank has announced the acquisition of single names in the Special Situations Real Estate segment for a total amount of approximately 108 million euro (gross book value) divided into 3 transactions. Read the article in italian

Intrum Italy has announced the acquisition of a portfolio of unsecured loans with repayment plans (“pdr”) with a nominal value of 37mln euro from Banca Ifis. The portfolio will be managed by Revalue, a company 100% owned by Intrum Italy Holding. Read the article in Italian.

On January 29, through a live event in partnership with Fire Group from the studios of Class CNBC, there will be the first CVSTREAMDAY: a TV and Digital conference in which will be released a preview of the NPE market data collected by Credit Village’s NPE Market Watch . Read the article in italian.

Check previous Eglish Updates

If you like my updates you can:

Are you interested in Italian banks and NPL/UTP market? Ask for a briefing  (in person or via conference call) by sending me a private message. I am also available for consulting projects on Distressed Assets pricing and Portfolio Management.

Link to my updated business profile

GLG – Gerson Lehrman Group – Council Member


Pubblicato da Massimo Famularo

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


Inserisci i tuoi dati qui sotto o clicca su un'icona per effettuare l'accesso:

Logo di WordPress.com

Stai commentando usando il tuo account WordPress.com. Chiudi sessione /  Modifica )

Foto di Facebook

Stai commentando usando il tuo account Facebook. Chiudi sessione /  Modifica )

Connessione a %s...

%d blogger hanno fatto clic su Mi Piace per questo: