TUESDAY, 19/03/2024 - Scope Ratings GmbH

Italian NPL collections: monthly volumes down by more than half in January

January 2024 Italian NPL collections of EUR 99m were 56% down month-on-month and 12% below the January average of the three previous years, continuing the declining trend observed throughout 2023.

Based on 20 transactions where the breakdown of collections was specified, judicial proceeds amounted to EUR 64m and extrajudicial strategies EUR 18m, of which EUR 14m from DPOs and EUR 4m from note sales.. Two transactions reported EUR 17m in collections but did not provide a breakdown.

Total gross proceeds of pre-Covid originated transactions

Source: Scope calculations on servicing reports

This report shows the performance of a static universe of Italian NPL securitisations originated pre-Covid and rated by Scope. The report is based on monthly servicing reports available to January 2024.

Download the latest Italian NPL collections monthly.

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