2021-01-21 Italian Banks and NPL Market – English Update

Economic and Monetary Affairs Committee MEPs agreed on common EU standards regulating the transfer of bad loans from banks to secondary buyers while protecting borrowers’ rights.Addressing possible future Non Performing Loans (NPLs) accumulation is essential to strengthening the Banking Union and ensuring competition in the banking sector, as well as maintaining financial stability and encouraging banks to lend so as to create jobs, stimulate growth, and support the post-COVID-19 recovery in the EU. Read the article.

Listen to Entering Italian NPL Market Podcast

The European Consumer Organization (BEUC, Bureau Européen des Unions de Consommateurs) expressed concern regarding the European Commission Action plan: “Tackling non-performing loans (NPLs) in the aftermath of the COVID-19 pandemic” released in December. Read the article

The recent Global M&A 2020 report by DLA Piper, foresees a relevant increase in M&A transactions, when Government financial support will be removed. According the survey among Partners in the countries where DLA Piper operates, the transactions closed in the post-Covid period have mainly concerned the Technology (21%), Consumer goods, Food & Retail (17%) and ICT (13%) sectors, followed by Industrials (13%) and Life sciences (9%). Read the article in Italian.

UBI Banca finalized a securitization transferring to the special purpose vehicle Sirio NPL S.r.l. Non Performing loans for a nominal value (Gross Book Value) of approximately 1.1 billion euro. The orginator is going to apply for the granting of the State guarantee (GACS) on the senior tranche issued for a a nominal value of 290 million euro. Read the article in Italian

Euro Service has acquired an NPL portfolio consisting of over 10,000 debt positions for a total GBV of approximately 87 million. Originator of the transaction is Enel Energia SPA. Read the article in Italian.

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.

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

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

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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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