WEDNESDAY, 12/07/2023 - Scope Ratings GmbH

Italian NPL collections: DPOs, note sales significantly below two-year average

Italian NPL collections rose 5% month-on-month in May but were 28% and 22% below May 2022 and 2021 volumes, respectively. Collections in the first five months of the year were 18% lower than the average of the last two years.

Year-to-date DPO collections were 33% below the average of 2021 and 2022, while note sales fell 70%. Only judicial proceeds were higher than the average of the last two years, up 2%.

Total gross proceeds of pre-Covid originated transactions

Source: Scope calculations on servicing reports

Read the latest Italian NPL collections monthly here.

And join us for a webinar – ReoCos in Italian NPL securitisations – on Tuesday 5 September at 15:30 CET when Rossella Ghidoni and Paula Lichtensztein will outline the advantages of ReoCo in shortening recovery timing and increasing NPL recovery amounts, and why they believe ReoCos have potential despite limited activity and disappointing profitability to-date.

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