Tag Archives: Intesa Sanpaolo

Italian NPL Update 2018-05

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

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

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

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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