Italian NPL collections: six-month judicial proceeds and DPOs below pre-Covid levels
Note sales represented just 17% of total monthly collections in September, plunging from August's peak of 41% evidencing the unpredictability of this recovery strategy. A similar drop was seen in July 2021.
Overall collections on Italian NPL securitisations increased by 58% between August and September. Compared to previous years, September volumes were 22% lower than September 2021 but 5% higher than in 2020.
Total gross proceeds of pre-Covid originated transactions
Source: Scope calculations on servicing reports
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