Tag Archives: MPS

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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Italian banks and NPL Update 2019-10

Posted on October 30, 2019 by Massimo Famularo

Concentration through M&A seem to be a relevant trend among NPL investors and special servicers in Italy: Credito Fondiario and Banca IFIS decided not to continue their exclusive negotiation to form a new platform with som 45m of Asset Under … Continue reading →

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Is servicing still the main Challenge of NPE Market?

Posted on August 7, 2019 by Massimo Famularo

Unlikely To Pay (UTP) exposures seem to be the hotspot of italian NPE market with upcoming deals worth more than 20Bn of Gross Book Value Intesa Sanpaolo has recently reached a binding agreement with Prelios to form a strategic partnership … 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 2018-08

Posted on September 6, 2018 by Massimo Famularo

Italian Banks facing troubles due falling prices of Italian bonds may found some relief from the prolongation of the Italian guarantee scheme to facilitate the securitisation of non-performing loans (GACS). MPS is about to launch project Merlino a sale of 2.5Bn … Continue reading →

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Largest NPL securitization closed by BMPS

Posted on May 11, 2018 by Massimo Famularo

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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European Commission approves the 2017-2021 BMPS restructuring plan

Posted on July 6, 2017 by Massimo Famularo

BMPS got finally the green light for its restructuring  plan from European Commission. Key highlights: Disposal of €28.6bn gross bad loans (data as of 31 December 2016), of which €26.1bn by means of a securitisation transaction and €2.5bn, including unsecured small … Continue reading →

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Dead Banks Walking: the Italian way to bail-out

Posted on June 26, 2017 by Massimo Famularo

Like “Game of Thrones” or “House of Cards”? You will love Dead Banks Walking an amazing TV series were Italian politicians always make “whatever it takes” to keep their hands on local banks governance pretending to care about savers, macroeconomic … Continue reading →

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Italian Banks Update 2017-06

Posted on June 19, 2017 by Massimo Famularo

Veneto Banca and  Banca Popolare di Vicenza:  Italian finance officials and the European Commission are racing to find a solution for two troubled banks in the northern Veneto region that have weighed on the nation’s financial system. The Italian government … Continue reading →

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Italian NPL Market Update 2017-06 (update 16th June)

Posted on June 16, 2017 by Massimo Famularo

Project Rossini a secured NPL portfolio sale worth 1Bn€ has received some 30 Non Binding offers. The deal, named after a world famous Italian music composer born in Marche region (where 70% of the loan on sale is said to … Continue reading →

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