MONDAY, 28/07/2025 - Scope Ratings GmbH

Italian NPL collections: all strategies contribute to 28% decline in first half

Collections fell 28% in the first half of 2025 compared to H1 2024, confirming the downward trend that began in 2023. All collection strategies contributed to the decline: judicial proceeds fell 30%, DPOs by 27% and note sales by 20%.

For the month of June, collections rose 37% month-on-month but remained 40% below the June average of the past three years, suggesting that the increase was driven by a seasonal effect rather than a structural improvement.

From a broader perspective, both seasoned and less-seasoned transactions saw a decline in recoveries compared to the first half of 2024, which had already shown a decrease relative to H1 2023.

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