Tag Archives: MPS

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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European Commission approves the 2017-2021 BMPS restructuring plan

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

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

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)

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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Italian NPL Market Update 2017-06

Banca Mediocredito del Friuli Venezia Giulia has signed a binding agreement to sell to Bain Capital Credit a non-performing exposures portfolio valued 400 million euros (gbv) (see here the press release) IntesaSanpaolo is carrying a strategy to reduce its NPl stock In the first … Continue reading

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Italian Banks Update 2017-05

MPS is trying to accelerate the securitization of its 27.7Bn NPL portfolio in order to finally allow Italian Government to step in and take a majoity stake in its capital According to this press release e MPS Board of Directors resolved to … Continue reading

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