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Italian NPL collections: 2025 volumes fall 36% below three-year average
Every month saw collections underperform in 2025. Not even the more than doubling of proceeds in December could salvage the poor performance, as collections were still 32% lower than the average for that month relative to the previous three years.
Judicial proceeds and DPOs both saw lower overall volumes in 2025; the former decreased by 29% compared to the average of previous three years, while DPOs fell by 39%. A 62% decrease in note sales contributed to the poor 2025 performance.
