Category Archives: Italian Banks

My Workshop at NPL Meeting

Savethedate on September 27th I am going to present a workshop at Banca IFIS‘ NPL Meeting  The topic I am going to cover is PORTFOLIO MANAGEMENT AS KEY DRIVER FOR BOTH BUYERS AND SELLERS IN NPL MARKET The workshop will take … Continue reading

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Italian NPL Update 2018-07

Cerberus Capital Management announced an agreement to acquire a 57% share of Officine CST SpA, Headquartered in Rome, the acquired firm provides integrated credit management services to large enterprises such as banks, institutional investors, utilities, and multinational companies, as well as … Continue reading

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New PWC Report on Italian NPL market

Several interesting insights in the last issue of Italian NPL Market the regular publication of PWC covering Italian Banks, Real Estate Servicing and Non Performing Exposures. After the peak in 2015 NPEs have been decreasing in Italy with a sharp decline of … Continue reading

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Largest NPL securitization closed by BMPS

Monte dei Paschi di Siena Group (“BMPS”) has completed the securitization transaction for the sale of a bad loan portfolio of c. EUR 24.1 billion and obtained investment grade ratings on the senior tranche. (press release). The senior tranche, worth R 2,918 million … Continue reading

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Intrum ready to close the deal with Intesa

As communicated yesterday Intrum has submitted a binding offer to Intesa Sanpaolo regarding the establishment of a servicer of non-performing loans (NPLs) in Italy. Highlights Intrum and Intesa Sanpaolo have agreed to establish a market leading servicer of non-performing loans … Continue reading

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2bn NPL Securitization for BPER

BPER is said to arrange a 2Bn NPL securitization. This deal will be in addition to the 1Bn already planned for Banco di Sardegna division and will probably use GACs guarrantee on the investment grade tranche. According to Milano Finanza the … Continue reading

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Intesa Sanpaolo BP: from bank to asset manager

As reported by Reuters  Intesa SanPaolo set an ambitious goal to almost halve its stock of bad loans and boost net income. The new business plan that will be released on Tuesday targets 6 billion euros ($7.4 billion) in profits in 2021 on rising … Continue reading

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