Author Archives: Massimo Famularo

Italian banks look healthier and will continue to heal in 2018 (S&P Ratings)

ROME, Jan. 17 (Xinhua) — Italian banks are looking healthier now than they have for the past few years and will continue to heal in 2018, Standard & Poor’s Global Ratings said in a report on Tuesday evening. The ratings … Continue reading

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Italian NPL Update 2018-01

Spaxs is the new Special Purpose Acquisition Company lauched by Corrado Passera, former Intesa Sanpaolo and Poste Italiane’s ceo and former Minister of the economic development, and Andrea Clamer, former head of Npl Area at Banca Ifis. It is expected to raise … Continue reading

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Are EBA NPL templates too hard for Italian banks?

The effort of  European Banking Authority  in order to to promote a secondary market for NPL is remarkable and the recently published standard data templates are definitely a good step in the right direction. While I did not support the idea of … Continue reading

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Italian NPL Market Update 2017-12

Banca Carige entered into a binding agreement with Credito Fondiario S.p.A., for the non-recourse disposal of a portfolio of mortgage and signature bad loans for a gross nominal value of approximately EUR 1.2 bn (see press release). The transfer price will amount to EUR 265.7 … Continue reading

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CV Day 2017 – Metamorfosi

Save the date – 22nd November 2017 – Crowne Plaza Milan Linate – san donato milanese The “Metamorphosis” will be the common thread of the 11th Edition of the Credit Village Day, that will be held on November 22, at … Continue reading

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Why Carige and Creval experience proves that ECB was right on guide lines

The recent troubles that Carige and Creval experienced in going to the market to raise new capital can be considered a confirmation of how needed and appropriate are detailed guidelines on NPL accounting and why the attempt of undermining this wise practice … Continue reading

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Was FINO transfer price fair?

According Bloomberg : The European Central Bank is examining UniCredit SpA’s landmark sale of 17.7 billion euros ($20.6 billion) of bad loans to assess whether the price the bank reported accurately reflects the terms of the transaction, according to people familiar … Continue reading

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