WEDNESDAY, 29/05/2024 - Scope Ratings GmbH

Italian NPL collections: worst Q1 in three years

Q1 Italian NPL volumes were the lowest since 2021, 19% below the 2022/2023 average, while March 2024 collections were 36% below the average of the past two years even though there were more transactions (44) than in the two previous years (41 and 43).

Note sales, after registering almost no proceeds in February 2024, bounced back in March, accounting for the highest monthly amount of the quarter.

The report shows the performance of a static universe of Italian NPL securitisations rated by Scope based on monthly servicing reports available to March 2024. This month’s report updates the basis used in previous NPL monthly collection reports from 22 transactions originated pre-Covid to a total of 44.

Download the latest Italian NPL collections monthly.