Italy’s private debt and NPLs weekly roundup. News from Eco Eridania, Equita, Amundi, Anthilia, Banca Pop Bari, Velenosi, ETT, Unicredit, Ibl Banca, Pop Ragusa

Italy’s private debt and NPLs weekly roundup. News from Eco Eridania, Equita, Amundi, Anthilia, Banca Pop Bari, Velenosi, ETT, Unicredit, Ibl Banca, Pop Ragusa
The participants to the NPL and private debt markets are fully operative again. Unicredit will sell Progetto Milano and Progetto Torino, respectively a secured and unsecured portfolio of NPLs worth 1 billion each (see here a previous post by BeBeez). The bank reportedly announced that by the end of 2018 aims to hold on its account non-core NPLs worth 19 billion from the amount of 22.2 billion at the end of last June. Unicredit is also selling Sandokan 2, a portfolio of secured UTPs worth between 2 and 3 billion. Unicredit is not going to auction this portfolio, but it may invite Pimco, Gwm, and FinanceRoma (the bidders for Sandokan 1) to express interest. Ibl Banca, an Italian consumer credit provider, signed a 5050 joint venture with  Europa Factor for investing in the NPL market (see here a previous post by BeBeez). The partners named the firm Credit Factor. Mario Giordano is the ceo of Ibl and appointed Piertommaso De Giorgi, previously head of credit recovery of Monte dei Paschi di Siena, for developing Credit Factor’s business. Pierluca Bottone is the founder and head of Europa Factor. The 14 Italian saving and loans that Italian holding company Luigi Luzzatti groups are securitising a portfolio of NPLs worth 1.7 billion of euros (73.4% secured and 26.6% unsecured) (see here a previous post by BeBeez). Vito Primiceri chairs Luigi Luzzatti and Banca Popolare Pugliese. Banca Popolare di Bari will sell a gross amount of NPLs of 800 m[...]

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