Monthly Archives: July 2017

Creval “Elrond” project proves Public AMCs are Useless

Creval completed a securitization deal that will allow the deconsolidation of 1.4Bn NPL. As stated in this previous post  this deal is a further evidence that there is actually no need of Public Asset Management Companies in order to facilitate NPL … Continue reading

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Banca Ifis Market Watch on Italian NPLs

Banca Ifis published on 17th July its quarterly update (here the full report) on Italian NPL Market. From the press release: With over 33 billion euro of non-performing loans sold in the first five and a half months of 2017 … Continue reading

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Some doubts on Ecofin Action Plan for NPL

The new Action Plan for NPL discussed by European Union finance ministers on Tuesday includes measures to improve secondary markets for NPLs, which are currently underdeveloped and provide little incentive for banks to unload their bad credit. While an earlier … Continue reading

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European Commission approves the 2017-2021 BMPS restructuring plan

BMPS got finally the green light for its restructuring  plan from European Commission. Key highlights: Disposal of €28.6bn gross bad loans (data as of 31 December 2016), of which €26.1bn by means of a securitisation transaction and €2.5bn, including unsecured small … Continue reading

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Italian NPL Market Update 2017-07

While Italian Dead Banks Walking are finding their way to address their solvency issues (with a ‘little’ help from their friends in Italian government) NPL market keep is still quite active. KRUK S.A. has acquired through its Italian subsidiary ItaCapital s.r.l. a 132m … Continue reading

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