2020-10-22 Italian Banks and NPL Market – English Update

Banco BPM will merge with Credit Agricole to create the second largest banking group in the country. After a series of rumors circulated by the messenger, the news has been confirmed by Corriere della Sera according to which the negotiations would be so advanced that it has also identified the governance of the new group in which Giuseppe Castagna would become CEO and Giampiero Maioli president.

Read the News

J-Invest successfully completed a securitization of an NPL portfolio with a total gross value of €89 million. Founded in 2008, J-Invest’s objective is to achieve high returns mainly through the acquisition without recourse and the management of NPLs admitted to bankruptcy proceedings.

Read The News

Illimity Bank S.p.A. announced in a press release the finalisation of the purchase of a portfolio of Non Performing receivables from Unicredit. The gross book value (GBV) of the transaction is approximately Euro 692 million and the type of receivables involved includes only corporate counterparties, guaranteed by real estate.

Read The News

Intrum has released preliminary results for the third quarter should be substantially above the consensus of analysts, as published on the company’s website. The adjusted preliminary EBIT for the third quarter is SEK 1,687 million, which corresponds to an increase of 25% compared to the second quarter.

Read The News

The deadline for suspending the activities of the Collection Agents expired on October 15, but the demands of taxpayers severely affected by the serious economic and liquidity crisis dictated by Covid 19 seem to have been heard by the Government that with the new decree issued on October 18 late in the evening gave back a breath of fresh air, extending again the period of ‘fiscal peace’. The resumption of the activity of the collection agents is now set, unless further extensions due to the resumption of the current pandemic, to January 1, 2021.

Read The News

Last Week Update

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

You can also support my blogging activity buying me a coffee with the button below

Buy Me a Coffee at ko-fi.com

Or becoming a Patron (from 2€ per month)

Follow me on

GLG – Gerson Lehrman Group – Council Member

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 and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s