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NPLs sold on Italian market increase 84%

The volume of non-performing loans (NPLs) sold on the Italian market have increased 84 percent between October to mid-November this year, compared to the same period in 2016.


Amber-Ainsley   Pritchard

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The statistics have been published this month in a report, Market Watch NPL-The Italian Scenario, by Banca IFIS.

 

The report found that most of the transactions at the end of 2017 will be on the primary market, while around €5bn will take place on the secondary market. It also said some market sources expect transactions in the pipeline to reach €17bn for 2018.

 

The report stated that for the first time since 2006, there have been more impairments or sales of NPLs than new loans generated. It said this trend and the negative balance of the ratio between old positions and new impaired loans is attributable to two factors: Higher NPL sales and higher write-downs on non-performing loans by Italian banks.

 

The research also identified the key players in the Italian NPL market, it found only a few servicers including Quaestio, Cerved and DoBank, managed more than 50 percent of jumbo deals in 2017.

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