According to the ECB Draft guidance to banks on non-performing loans -September 2016 an NPL strategy establishes strategic objectives for high NPL banks for the time-bound reduction of NPLs over realistic but sufficiently ambitious time-bound horizons (NPL reduction targets). It should lay out the bank's approach and objectives regarding the effective management (i.e. maximisation of recoveries) and ultimate reduction of NPL stocks in a clear, credible and feasible manner for each relevant portfolio.
The assessment of the operating environment, trends and dynamics of the NPL market for portfolio sales is considered to be one of the core building blocks for the development and implementation of an NPL strategy. Specialised servicers can significantly reduce NPL maintenance and workout costs. However, such servicing agreements need to be well steered and well managed by the bank.
The Report Italian NPL Servicing is consistent with the ECB document recomandations and analyses the Italian primary market of Non Performing Asset Sales and Repackagings published in Italian Official Gazzette.
The report, updated by 130 FINANCE on a quarterly basis, summarizes in tables and graphs the NPL market key features
The Italian NPL servicing Report is available for download in the Research Page for Registered Users
|ASSET CLASS||DEAL NAME||ORIGINATOR||ISSUER||DATE|
|Covered Bond||Carige - Eur 3,000,000,000 Covered Bond Programme 2016- Series 637 - 2017||Banca Carige Italia Spa||Banca Carige Spa||2017-06-21|
|Covered Bond||Intesa Sanpaolo - Eur. 20 bn. Covered Bond Programme - 2017 - 22||Intesa Sanpaolo Spa||Intesa Sanpaolo Spa||2017-06-16|
|Covered Bond||Intesa Sanpaolo - Eur. 20 bn. Covered Bond Programme - 2017-13||Intesa Sanpaolo Spa||Intesa Sanpaolo Spa||2017-05-17|
|Personal Loan||Asset-Backed European Securitisation Transaction Fifteen 2017||FCA Bank Spa||Asset-Backed European Securitisation Transaction Fifteen S.r.l.||2017-05-15|
|Personal Loan||Sunrise 2017||Agos Ducato Spa||Sunrise S.r.l.||2017-03-28|
|2017-06-19||ITALIAN TRUE SALES Data Snapshot - Q2 2017 May, Interim Update||130 Finance|
|2017-06-01||Italian Securitisation Market 2017 - May 2017||130 Finance|
|2017-05-11||ITALIAN TRUE SALES Data Snapshot - Q2 2017 April, Interim Update||130 Finance|
|2017-05-03||Italian Securitisation Market
|2015-09-30||Common rules on securitisation and creating a European framework for simple, transparent and standardised securitisation - Proposal Directive||European Commission|