Announcements
Drinks

1/6/2023 Research EN
French banks: sound credit profiles resilient against tighter financial conditions
Pressure on French banks’ core profitability from tighter credit conditions is not denting their credit profiles. The recent round of results was solid and the prospect of better macroeconomic conditions in Europe is credit positive for the rest of 2023.

30/5/2023 Research EN
Italian NPL collections: fewer DPOs, note sales pull down Q1 volumes
March Italian NPL collections increased by 33% on the month but were 23% and 28% lower than March 2021 and 2022, respectively. Meanwhile, first quarter 2023 volumes were 16% below the average of the same period of the previous two years.

25/5/2023 Research EN
The Wide Angle – Bank resolution: living wills should come with marriage contracts
With yet another reassuring set of results behind them, Europe’s large banks look remote from resolution so now is a good time to reassess whether the existing resolution framework is still capable of delivering what it is expected of it.

22/5/2023 Research EN
Spanish banks: net interest income boost more than compensates for bank levy
Spanish banks reported a strong set of first-quarter results, driven by year-on-year growth of 40% in net interest income, which more than offset the impact of the bank levy. Scope expects NII to be the main tailwind for stronger earnings in 2023.

22/5/2023 Research EN
Italian NPL securitisation review: performance to remain subdued in 2023
We expect the performance of Italian NPL securitisations to remain subdued in 2023, although stable relative to last year. A series of factors is slowing the Italian economy and weakening affordability, which could in turn compromise collections.