Italian NPL collections: volumes for first nine months of 2023 lag average of previous two years
Note sales made a significant contribution to September collections, accounting for 23% of gross proceeds. This was in stark contrast to the average for the first nine months of the year, where note sales accounted for just 7% of proceeds. DPOs (21% in September) were in line with the nine-month average (22%). Judicial proceeds accounted for 56% of collections in September, versus the 71% average for the January to September period.
Total gross proceeds of pre-Covid originated transactions
Source: Scope calculations on servicing reports
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.