Italian banks and NPL Update 2019-09

SGA the Italian state owned asset management company focused on NPLs and UTPs has changed its name in AMCO and presented positive results for first half 2019 with 20.6 Bn € of assets under management and 8.2m € net profit for half year.

The substantial decrease of NPL stock in Italian banks’ balance sheets has been achieved mostly using GACS securitization schemes and Originator – Investor long term partnerships or Joint Ventures both producing a substantial boost for servicing industry.

Increased volumes is one of the most relevant driver of consolidation process in special servicing industry with Credito Fondiario Fonspa and Banca IFIS studying a partnership in the debt servicing and Cerved considering the spin off of its Credit Servicing Unit.

The final landscape we can expect to see will be therefore likely to have a reduced number of large players that will probably cover some 2/3 of the entire market with smaller players dedicated to remaining market share and active ad a sub servicing level.

Savethedate on September 26th I am going to present a workshop at Banca IFIS‘ NPL Meeting

I will also be speaking at the NPL Investing & Servicing Summit | Athens October 17-18 in the New Developments & Opportunities Panel.

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About Massimo Famularo

Investment Manager and Blogger Focus on Distressed Assets and Non Performing Loans Interested in Politics, Economics,
This entry was posted in Entering Italian NPL Market, Italian Banks, NPL e Distressed Assets. Bookmark the permalink.

1 Response to Italian banks and NPL Update 2019-09

  1. Pingback: Newsletter 2018-09-25 | Massimo Famularo (ITA)

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