Italian NPL collections: 71% up on the month but September volumes 40% below two-year average

TUESDAY, 05/11/2024 - Scope Ratings GmbH

Italian NPL collections: 71% up on the month but September volumes 40% below two-year average

Post-summer seasonal effects pushed September collections up 71% month-on-month, but volumes were 40% lower than the September 2022-2023 average.

September recoveries are typically 62% higher than August’s, but relative to the September 2022-2023 average, they fell EUR 104m this year. The decline was seen across all recovery strategies. Judicial proceeds fell by 32% (by EUR 38m); DPOs fell 43% (EUR 23m) while note sales proceeds fell by EUR 21m, down 76%.

This report shows the performance of a static universe of Italian NPL securitisations rated by Scope.

Download the Italian NPL monthly here.

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

Scope updates its CRE Loan and CMBS Rating Methodology and calls for comments

4/11/2024 Research

Scope updates its CRE Loan and CMBS Rating Methodology and ...

Scope has completed a monitoring review for Aragorn NPL 2018 S.r.l. - Italian NPL ABS

31/10/2024 Monitoring note

Scope has completed a monitoring review for Aragorn NPL 2018 ...

Scope has completed a monitoring review for Elrond NPL 2017 S.r.l. - Italian NPL ABS

31/10/2024 Monitoring note

Scope has completed a monitoring review for Elrond NPL 2017 ...

Scope has completed a monitoring review for Popolare Bari NPLs 2017 S.r.l. - Italian NPL ABS

30/10/2024 Monitoring note

Scope has completed a monitoring review for Popolare Bari ...

Covered Bond Quarterly: Reviving publicly guaranteed collateral could boost European competitiveness

29/10/2024 Research

Covered Bond Quarterly: Reviving publicly guaranteed ...