Tag Archives: Intesa Sanpaolo

NPL Call Main Takeways

Posted on April 6, 2020 by Massimo Famularo

On friday 3rd of April I had a very interesting and insightful conversation with with Giovanni Bossi following the questions raised by Morya Longo. We talked on a video conference call open to some 250 professionals that contributed to an … Continue reading →

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#Savethedate NPL Call 3 aprile

Posted on March 28, 2020 by Massimo Famularo

A 360° conversation on Covid-19 impact on current status and reasonable perspectives of Credit Management Industry, NPL Market and broad banking industry with Giovanni Bossi and myself. Morya Longo is going to moderate the event. #SavetheDate April 3rd 12 pm … Continue reading →

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Hard times for Italian Banks

Posted on February 20, 2020 by Massimo Famularo

In the mid-1990s Bill Gates declared “banking is necessary, banks are not” Today disruption process promoted by fintech companies can be seen as the coup de grace to weakened traditional banks that over the years have struggled to compete with … Continue reading →

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Italian banks and NPL Update 2020-0

Posted on February 18, 2020 by Massimo Famularo

Intesa Sanpaolo kicked off long-awaited consolidation among Italian banks with a surprise 4.86 billion euro ($5.3 billion) takeover bid for smaller rival UBI Banca. (my article in Italian). This seem to be quite the opposite strategy of Unicredit that is … Continue reading →

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UTPs are the hotspot of Italian NPE Market

Posted on May 10, 2019 by Massimo Famularo

According Milano Finanza, some 18 Bn Unlikely To Pay exposures are going to be offloaded from banks’ balance sheets or assigned to outsourcers for credit management. Monte dei Paschi di Siena, is said to be ready to sell 8Bn of … Continue reading →

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Italian NPL Update 2018-05

Posted on May 8, 2018 by Massimo Famularo

Intrum Lindorff and Intesa Sanpaolo have agreed to establish a servicer of non-performing loans (NPLs) in Italy by merging Intesa Sanpaolo’s NPL recovery operations and all of Intrum’s current Italian operations. The new venture will start with 40 Bn Asset Under Management. The … Continue reading →

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Intesa Sanpaolo BP: from bank to asset manager

Posted on February 7, 2018 by Massimo Famularo

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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Italian NPL Update 2018-01

Posted on January 16, 2018 by Massimo Famularo

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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Italian NPL Market Update 2017-09

Posted on September 6, 2017 by Massimo Famularo

REV the “Bad Bank” that inherited the NPLs of the 4 banks resolved by Italian government in Dec 2015 has closed the “Projectg Vasari” selling 300m GBV to US fund Seer Capital that will use Locam as special servicer has … Continue reading →

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