Announcements

    Drinks

      Italian NPL collections: slump in DPOs and note sales drives August volumes to three-year low
      MONDAY, 02/10/2023 - Scope Ratings GmbH
      Download PDF

      Italian NPL collections: slump in DPOs and note sales drives August volumes to three-year low

      August 2023 collections fell to less than half of July volumes, confirming the seasonal effect of Italy’s nationwide holidays. But this year, August collections were also the lowest in three years.

      NPL collections of EUR 69m in August were the lowest since April 2020 and were 41% and 5% lower than those registered in August 2022 and 2021. While the level of judicial proceeds was similar to those seen in August of previous years, DPO proceeds and note sales were particularly low, driving down  overall collections.

      Total gross proceeds of pre-Covid originated transactions


      Source: Scope calculations on servicing reports

      Download the August Italian NPL monthly here.

      Make sure you stay up to date with Scope’s ratings and research by signing up to our newsletters across credit, ESG and funds. Click here to register.

      Related news

      Show all
      Scope has completed the periodic review of Colossus 2024-1 of Santander UK synthetic securitisation

      20/6/2025 Monitoring note

      Scope has completed the periodic review of Colossus 2024-1 of ...

      Scope has completed the periodic review of Colossus 2023-1 and 2

      20/6/2025 Monitoring note

      Scope has completed the periodic review of Colossus 2023-1 and 2

      Scope has completed the periodic review of Colossus 2024-2 of Santander UK synthetic securitisation

      20/6/2025 Monitoring note

      Scope has completed the periodic review of Colossus 2024-2 of ...

      Scope affirms US CLO notes issued by Newfoundland CLO I Limited

      20/6/2025 Rating announcement

      Scope affirms US CLO notes issued by Newfoundland CLO I Limited

      Scope rates German data centre notes issued by Vantage Data Centers Germany Borrower Lux S.à r.l.

      5/6/2025 Rating announcement

      Scope rates German data centre notes issued by Vantage Data ...

      Italian NPL collections: recovery slowdown continues in April

      4/6/2025 Research

      Italian NPL collections: recovery slowdown continues in April