2021-05-26 Entering Italian NPL Market – Update

Italy’s prime minister, who pushed for bank mergers when he ran the ECB, backs rule changes that make deals easier.Last week Mr. Draghi’s government simplified procedures for banks to benefit from tax breaks when they merge, effectively giving them more time to access these benefits. (Read the Article)

Italian Banks & Distressed Assets Podcast

Recently published bill konwn as “Decreto Sostegni Bis” reintroduces for the current year tax benefits for companies shedding impaired loans which had expired in December. (Read article in Italian)

Intesa Sanpaolo, Italian largest banking group, is said to be about to finalize a competitive process to sale a NPL Porfolio worth some 4Bn. Mediobanca is said to be acting as arranger and the deal should include a leasing pool. (Read the article in Italian.)

Italian bank Banco Desio and Prelios Innovation have signed a strategic partnership agreement for the adoption of BlinkS, a digital platform developed by the Prelios Group for the trading of non-performing exposures (NPE). Read the Article.

The uneven economic impact of the pandemic means that financial stability risks are concentrated in specific sectors and countries, often with higher pre-existing vulnerabilities, concludes the May 2021 Financial Stability Review (FSR) of the European Central Bank (ECB) (read press release)

Credito Fondiario is said to split its operations in two separate groups owned by the same shareholders. One group will include NPL management activities such as special and master servicing as well as the joint venture with Banco BPM. The other entity will hold the banking license and will follow a fintech path focused on corporate and SME clients (read in Italian)

The Cuvée project, operating through an innovative multi-originator platform managing UTP (Unlikely to Pay) loans in the real estate sector, further expands its assets under management thanks to a €52 million contribution from BPER Banca.The group of participating banks thus expands, and the total amount of loans under management rises to €971 million, confirming its leadership in the Italian market. (press release)

CRIF – a global company based in Bologna and specializing in credit bureau and business information, as well as advanced digital solutions for business development and open banking –  has invested in the share capital of Fido Srl – a digital scoring provider based in Milan. (read press release)

Banca Valsabbina acquired 9.8% of Cardo AI, a Fintech company focused on digital process, monitoring and business intelligence for securitization deals. (news in Italian)

WizKey, a fintech that offers innovative solutions for the credit market, has signed an agreement with SIA, a leading European hi-tech company in payment services and infrastructures controlled by CDP Equity, to launch an innovative platform available to banks, funds and financial operators to negotiate credits on blockchain and encourage greater liquidity for the benefit of SMEs. Read the article in Italian.

Check English section of my blog

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.

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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,


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