Intrum offers 3,6 bn euros for Intesa Sanpaolo’s NPEs servicing platform a 10.8bn euro bad loans portfolio
Intrum offers 3,6 bn euros for Intesa Sanpaolo’s NPEs servicing platform a 10.8bn euro bad loans portfolioAttualità
Fonte: Piano d’impresa di Intesa Sanpaolo 2018-2021 Intesa Sanpaolo confirmed yesterday it has received a binding offer from Intrum Iustitia for its  non performing exposures servicing platform valued 500 million euros and for a 10.8 billion euros GBV bad loans portfolio at a 3.1 billion euros price ( see here the press release). The offer, if accepted, would […]
Banca Popolare di Bari ready to sell new bad loans securitization notes
Banca Popolare di Bari ready to sell new bad loans securitization notesAttualità
Banca Popolare di Bari group announced yesterday it has structured its second securitization of  bad loans which will benefit of the special public guarantee (Gacs) as for its senior tranches (see here the press release). More in detail Popolare di Bari bank and its subsidiary Cassa di Risparmio di Orvieto sold a 319.8 million euros GBV bad loans portfolio to a spv which issued three ABS tranches: an 80.9 million […]
Unicredit’s first FINO bad loans securtisation obtains ratings by Moody’s and Dbrs. Class A stands for 650 mln euros
Unicredit’s first FINO bad loans securtisation obtains ratings by Moody’s and Dbrs. Class A stands for 650 mln eurosAttualità
Unicredit’s asset quality as for Sept. 30th 2017 Moody’s and Dbrs assigned yesterday a rating to the first transaction backed by non-performing loans originated by Unicredit part of the so-called FINO Project consisting in a total gross book value of 17.7 billion euros (see here the press release and a previous post by BeBeez). This first deal is […]
Nouy states that the NPL’s addendum falls with ECB’s mandate. But ECB will improve the draft
Nouy states that the NPL’s addendum falls with ECB’s mandate. But ECB will improve the draftAttualità
Danièle Nouy “Let me stress that this addendum, once adopted, falls within the supervisory mandate and powers of the ECB”, Daniéle Nouy, Chair of the Supervisory Board of the ECB, told in her hearing at the European Parliament’s Ecnomic and Monetary Afffairs Committee yesterday, answering to a document by the legal service of the EU Parliament itself  which […]
Banca Ifis bought 3.1 bn euros of Npls in 2016
Banca Ifis bought 3.1 bn euros of Npls in 2016Attualità
Banca Ifis bought non-performing loans portfolios for 3.1 billion euros gross value and paid 195.6 millions, made by 463,566 positions. The bank sold Npls portfolios cashing 73 million euros in and generating 44.5 million euros in profits. Figures are shown in Banca Ifis consolidated financial statements for FY 2016 which were published yesterday. At the end of […]
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There are 5,103 SMEs in Italy at risk of not repaying their debts. Those are next bad loans, Leanus says
There are 5,103 SMEs in Italy at risk of not repaying their debts. Those are next bad loans, Leanus saysAttualità
L’aggregato delle pmi a rischio di traformarsi in Npl per le banche italiane, selezionate da Leanus There are 5.103 Italian SMEs risking not to be able to repay their debts and their creditors don’t know that. This is a figure calculated by business infromation provider Leanus in a study commisioned by  MF Npl (the bi-monthly weekly focus on the non-performing-loan market […]
Unicredit announces a 17.7 bn euros bad loan securitization
Unicredit announces a 17.7 bn euros bad loan securitizationAttualità
After rumors have been recurring in the last few weeks about a mega-securitization deal by Unicredit, ceo Jean Pierre Mustier revealed yesterday the details of the securitization plan in the framework of the bank’s new strategic 2016-2019 plan and together with a 13 billion euros recapitalization plan.  First of all it was clear that the 20 billion euros […]
Kkr-Alvarez’s project on Unicredit and Intesa Sanpaolo’s bad loans ready next Spring
Kkr-Alvarez’s project on Unicredit and Intesa Sanpaolo’s bad loans ready next SpringAttualità
US private equity giant Kkr and restructuring expert Alvarez&Marsal will ready by next Spring for starting activity of their bad loans fund relating to some specific credit exposures to Italian companies in Unicredit and Intesa Sanpaolo‘s portfolio (see a previous post by BeBeez), MF-Milano FInanza wrote last Saturday December 13rd. Sources close to the project told the newspaper […]
Opera sgr will buy bad loans from banks and turnaround the businesses
Opera sgr will buy bad loans from banks and turnaround the businessesAttualità
Opera sgr is launching a new turnaround fund, named Fondo Valorizzazione Imprese,  aiming at acquiring bad SMEs loans versus 20-30 Italian SMEs from medium-size Italian banks for a real average value of about 20 million euros for each SME, MF-Milano Finanza wrote yesterday. The project, studied by Opera sgr’s chairman, Michele Russo, consists then in an debt-to.equity […]