Tag Archives: securitization

Specialization and Concentration as main drivers of NPL market

Posted on February 18, 2019 by Massimo Famularo

Unipol engaged 2 transactions with BPER involving Sale of the entire shareholding in Unipol Banca to BPER Banca for €220m in cash  Purchase by UnipolRec of a portfolio of the BPER Banca Group non-performing loans wth a gross value of 1.3€bn … 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 →

Posted in Entering Italian NPL Market, Italian Banks | Tagged , , , | 1 Comment

2bn NPL Securitization for BPER

Posted on March 1, 2018 by Massimo Famularo

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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Italian government studying new rules to help banks reduce NPLs

Posted on September 20, 2017 by Massimo Famularo

Italian government (as reported by Sole24Ore)  is considering including in the next budget law measures to widen the scope of bad loan securitisations allowing the possibility of “mixed structured” including both impaired and performing loans and  including tax concessions for special purpose vehicles as well … Continue reading →

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