Tag Archives: Unicredit

#Savethedate NPL Call 3 aprile

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. #SavetheDate April 3rd 12 pm Italian time. Join the call with this link … Continue reading

Posted in Entering Italian NPL Market, Italian Banks | Tagged , , , , , | Leave a comment

Hard times for Italian Banks

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

Posted in Entering Italian NPL Market, Italian Banks | Tagged , , , , , | Leave a comment

Italian banks and NPL Update 2020-0

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

Posted in Entering Italian NPL Market, Italian Banks | Tagged , , , , , , , | Leave a comment

Italian banks and NPL Update 2019-10

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

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

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

Posted in Entering Italian NPL Market | Tagged , , , , , | Leave a comment

Was FINO transfer price fair?

According Bloomberg : The European Central Bank is examining UniCredit SpA’s landmark sale of 17.7 billion euros ($20.6 billion) of bad loans to assess whether the price the bank reported accurately reflects the terms of the transaction, according to people familiar … Continue reading

Posted in Italian Banks | Tagged , | Leave a comment

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

Posted in Entering Italian NPL Market | Tagged , , , , | Leave a comment