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20/3/2023 Research EN
Italian NPL collections: fall in DPOs, note sales pushes judicial proceeds to 78%
Collections on Italian NPL securitisations fell 56% month-on-month in January, maintaining the pattern of the previous two years. January 2023 also saw the highest share of judicial proceeds since we started our monthly analysis in March 2020.

15/3/2023 Research EN
Contagion risks low for Germany’s smaller savings and co-operative banks
Concern about Germany’s small banks, particularly savings and co-operative banks, has been rising. But a strong regulatory framework, a granular customer base, significant financial reserves and a stable economic environment make contagion risk unlikely.

14/3/2023 Research EN
The Wide Angle – Takeaways for European banks from the SVB collapse
We are not witnessing the beginning of another banking crisis. SVB is not symptomatic of the state of US or European banking. Sentiment on most large European banks will bounce back. Sam Theodore offers key takeaways for European banks and supervisors.

14/3/2023 Research EN
Tight rules and strong oversight should buffer European banks against contagion
The US bank failures of recent days and the risk of more fallout do not alter the positive base case we laid out for European banks in early 2023, although the latitude for unforeseen outcomes in a fast-moving, volatile situation demands caution.

10/3/2023 Research EN
The Wide Angle – Geopolitical risk is rising for large European banks
The extent to which Russia’s war in Ukraine has opened a Pandora’s Box cannot be understated. It has considerably heightened geopolitical risks for many large European banking groups with an international presence.

6/3/2023 Research EN
French banks and the benefits of rising rates: the risk of slow-motion 2023
We expect French banks to achieve reasonable results in 2023 despite multiple headwinds: a slowing economy, country-specific characteristics delaying the benefits of rising rates, pressure on cost bases from inflation, and weakening asset quality.

28/2/2023 Research EN
Borrowers should prepare for tougher funding conditions
The bond market has enjoyed favourable conditions since the start of the year but Scope’s European Financial Conditions Index has started to tighten in response to sticky inflation, meaning borrowers are likely to face more difficult funding conditions.