Tyche Bank presents Tyche4p, the current account dedicated to bankruptcy proceedings
The solution designed for the efficient management of liquidity in bankruptcy proceedings: zero costs and expenses, remuneration on free and restricted stock
Mps: Milan GUP sends Profumo Viola and Tononi to trial for the NPL strand. Lawyers deny any wrongdoing
The decision was made by GUP Fiammetta Modica at the end of the preliminary hearing. The request for indictment on charges of false corporate communications concerns the 2015 financial statements and the 2016 half-yearly report. MPS says the decision does not…
Banking Appointments: Francesco De Marco Dg of Tyche Bank and Francesco Bossi Head of Wealth Management of Cherry Bank
Two banking appointments of young managers in very young banks: De Marco in Tyche Bank and Francesco Bossi in Cherry Bank
Unicredit: agreement coming with Prelios for impaired loans. And on managed savings, what will happen with Amundi?
In 2025, Unicredit is preparing to reorganize mergers and alliances, starting with an agreement with Prelios for impaired loans. Meanwhile, it is playing the game with Amundi for managed savings, with new moves coming
Italian banks superstars: profitability soars to 15,7%, France and Germany outclassed (under 7%)
In Q2024 11,1, European banks recorded a ROE of 15,7%, but Italian banks stand out with a 7%, surpassing France and Germany (under XNUMX%). Despite the decline in loans, capital strength and liquidity remain robust, with recovery forecasts…
Banca Ifis: impaired loans rise throughout Europe, not in Italy. Bad loans portfolio, Germany and France are concerned
France has the worst stock with 121 billion and Germany the highest increase. In Italy, however, NPLs are decreasing and for the Undersecretary of the Economy, Freni, they have also been managed better. The president of Banca Ifis, Fürstenberg: it is necessary…
Andrea Pignataro opens the way to the risk of financial data management companies. But who is the Elon Musk of the house?
With the recent purchase of Prelios, Andrea Pignataro's Ion effectively kicks off the risk between companies that manage data and translate it into financial services. Playing ahead of the new directive coming soon. With many…
Tyche Bank is born, a bank specializing in non-performing loans and insolvency procedures
The bank was born from the reverse merger of Tyche with the historic Messina bank Banca di Credito Peloritano. Enrico Rossetti is the president, Bruno Messina the general director and Francesco De Marco the deputy general director
Tyche closes 2023 with a net profit of 5,1 million euros. In 2024 transformation project into a bank
Solid growth for the company active in the sector of evaluation and acquisition of financial credits claimed in bankruptcy proceedings. The process of transformation into a bank continues, including the merger process with Banca di Credito del Peloritano (Bcp), scheduled for the summer…
Cherry Bank purchases NPL portfolio for 864 million and reaches 2,7 billion in impaired loans in 2023
The operation adds to a series of recent agreements which have seen Cherry Bank conclude 8 transactions during 2023, for a total nominal value of approximately 2,7 billion, mainly acquired on the secondary market
Banca Ifis completes the purchase of Revalea from Mediobanca for 100 million
With the operation, the multi-year servicing agreement also comes into force, with which MBCredit Solutions supports Banca Ifis in the NPL sector
Npl: Abi and Cerved are already seeing growth this year. But it will also continue in 2024
The credit deterioration rate in 2023 rises to 3,1% from 2,2% in 2022, exceeding pre-Covid values for the first time. The service sector is one of the hardest hit. In 2025 they will fall again
Npl: declining bank credit deterioration rate. Stock in Italy at 300 billion. Analysis of Banca Ifis
From 2015 to 2022, Italian banks have improved credit quality by selling 352 billion euros of non-performing loans but the risk level remains higher than the EU average. Furstenberg Fassio: "The NPL market must have objectives and rules...
Cuvée project: over 2,5 billion credits under management for the Cuvée fund
The Italian fund for the management of multi-originator UTP real estate loans grows thanks to the contribution of an additional 295 million euros from Unicredit Leasing and Bper Banca
Cherry Bank acquires €37m NPL portfolio via BlinkS
The acquisition confirms the bank's commitment to continue identifying and exploiting investment opportunities in the sector through specialized digital platforms
Banca Ifis acquires Revalea from Mediobanca. Industrial partnership on non-performing loans
The sale of Revalea is worth 100 million euros. The two institutes have signed a long-term partnership for the management of non-performing loans. Closing of the operation by the end of 2023
Banks: in 2022 fewer BTPs and more solid balance sheets with the decline in non-performing loans
According to a study by the Fiba Foundation for First Cisl, the top 5 Italian groups have reduced their exposure to BTPs. Npl and Stage 2 also down. In the fourth quarter, a run of net interest which inflates profits. Colombani: "Solid banks, enough...
Banks: non-performing loans rise again after 10 years. Outlook Abi Cerved
Credits that are difficult to recover will increase in 2022, although light years away from the levels of the 2012 crisis. Abi's new appeal to the government: measures are needed to restructure company debts
Cherry Bank growing on NPLs: assets acquired for a nominal value of 3,7 billion
As of 30 September 2022, Cherry Bank acquired impaired assets on the market for a nominal value of 3,7 billion euros. The receivables acquired are mainly of an unsecured nature
Banca Ifis: estimated 2022 billion new NPLs in the three-year period 2024-82, this year transactions amounting to 35 billion
The 16th edition of the Banca ifis Npl Market Watch presented in Cernobbio which, compared to the February forecasts, estimates an increase of 10 billion euros in new Npl flows in…
Banca Ifis: 1,4 billion NPLs purchased in the first half. The total portfolio rises to 25,4 billion
The amount was reached through six new deals in the semester, thus confirming its role as market leader in the unsecured NPL segment
Banca Ifis: net profit grows by 50% in the first half of 2022 and revenues by 12%
Banca Ifis has closed the accounts for the first half year. The non-performing loan sector, one of the bank's "core" businesses, saw profits grow by 49,7%
Intesa Sanpaolo: Fideuram Bank Luxemburg acquires 100% of the Belgian CBPQ
Furthermore, Intesa sold a 1,4 billion euro portfolio of NPLs to Amco: the receivables derive from leasing contracts with underlying assets mainly of a real estate nature
Unicredit sells a 1,3 billion euro portfolio of non-performing loans to Illimity
The portfolio exclusively includes non-performing loans deriving from mortgage and unsecured loan agreements governed by Italian law
Npl: 33 billion transactions in 2021 with Banca Ifis taking the lead and real estate sales records
According to Banca Ifis' Market Watch, the reforms have reduced the duration of real estate auctions by 2 years. In 2022 new disposals of Npe for 47 billion
UniCredit sells non-performing loans of 222 million (gross) to Kruk
The portfolio exclusively includes Non-Performing loans deriving from credit agreements with customers in the Corporate segment for a gross book value of approximately 222 million euro
Banca Ifis, record Npl purchases: 3,7 billion euros in 2021
The group led by Frederik Geertman exceeds expectations and closes a golden year for purchases of non-performing loans - The Npl portfolio owned by the institute reaches a total of 25,3 billion in nominal value
Unicredit sells 2,2 billion total Npl credit
The sale concerns a non-performing portfolio including mortgage and unsecured loans - The purchaser is the special purpose vehicle Olympia.
Banca Ifis, net profit of 80 million (+53,2%) and upward guidance
The group led by Frederik Geertman closes the first nine months of the year with an intermediation margin of 449 million euros and aims to achieve a net profit for the whole of 2021 between 90 and 100 million
Bank of Italy: Npl growth will be less serious than in other crises
According to DG Signorini, who spoke at the Credit Day, "the Italian banking system has withstood the impact of the pandemic well overall"
Npl, record purchase of Banca Ifis: 2,8 billion from Cerberus
This is the largest NPL acquisition in the Bank's history, ahead of its 2021 non-performing loan purchase target
Banca Ifis: "Npl under control, save the banks"
On the occasion of the Npl Meeting, CEO Frederick Geertman illustrated comforting forecasts on impaired loans, which in 2021 will increase much less than expected (and than in 2014) and will be largely absorbed by the Npl industry
Real Estate, the event for the restart in Milan
The phygital event "A tutto R - Real Estate, Restart, Recovery, Responsibility" will be held on Thursday 15 July in Milan, a day with over fifteen of the most authoritative Real Estate experts and operators, to trace the guidelines along which it will run …
Bank of Italy: "NPLs are growing, but they are manageable"
In its latest report on financial stability, Via Nazionale recommends "significant prudence" to banks, which are destined to see an increase in non-performing loans - The starting picture, in any case, is much improved compared to a few years ago
Banca Ifis securitizes NPLs assisted by assignment orders
This is the first operation of this type in Italy - Thanks to this securitization, Ifis Npl Investing will raise up to 350 million euros of liquidity on the institutional market
Npl, possible historical record of 2022 billion in 441
According to the thirteenth edition of the Banca Ifis NPL Market Watch report, in 2021 there will be a further surge in non-performing loans that will have to be sold by Italian banks.
"Npl, Covid will weigh: let's get ready" Bossi speaks
INTERVIEW WITH GIOVANNI BOSSI, founder of Cherry 106, a company specializing in the management of difficult loans - "The moratoriums have slowed down the NPL explosion, but sooner or later we will have to face it" - Cherry 106's one-year balance sheet and the…
Cherry 106: 2020 Npl portfolios acquired in 18
106 was a year of growth for Cherry 2020 - Just over a year after its inception, the company founded by Giovanni Bossi has a proprietary portfolio of over 500 million euros, has strengthened its…
Npl, Banca Ifis beyond estimates: acquired 2,7 billion in 2020
Having acquired 2,7 billion euros in 2020, the portfolio under management of the Venetian bank, which has also reorganized the Npl Department, amounts to 23,6 billion euros
Banks: Eba postpones the credit crunch. Npls also slip
The Authority has reactivated the guidelines on the moratoriums until 31 March, freezing the rules that would cause "suspended" loans to become non-performing. Calendar provisioning has also been postponed by six months
Npl and ESM reform on the table of Europe
At today's meeting of eurozone finance ministers, two options to defuse the bomb of bad debts will be discussed, but the spotlights are above all on the Eurogroup, where Minister Gualtieri is expected to announce Italy's green light for the reform…
Cherry 106 turns one year old: the numbers of Bossi's creature
The company founded by the former CEO of Banca Ifis tracks the balance sheet for the first 12 months: 42 people employed, 15 NPL transactions performed. And it opens up to the tax credit market.
Banca Ifis buys half a billion Npl from Intesa
The nominal value of non-performing loans is to be precise of a total of 553 million euros: a portfolio of 65 credits of consumer debtors.
Npl: wave coming, but it won't be like in 2013
As every year, operators in the non-performing loan market meet at the Npl Meeting organized by Banca Ifis: bad debts are destined to worsen in 2021, but now institutions are more ready to face the crisis - In…
Mps-Unicredit, Bastianini is called out
Jump of MPS shares on the Stock Exchange. The CEO of the Sienese bank in a hearing before the bicameral commission of inquiry into banks: "management not involved". With Hydra more solid bank
Npl: Banca Ifis and Ibl Banca studying partnerships
The two banks have started due diligence to create a partnership for the recovery and management of difficult loans through the granting of salary-backed loans
Npl and Utp, Bossi: "Calendar provisioning to be changed quickly"
According to the CEO of Cherry 106, Giovanni Bossi, the new European rules on difficult loans are "useless and harmful" and risk distorting the business model of banks: for this reason they must be changed as soon as possible or, at least, postponed…
Mps: success for the 300 million subordinated bond
The institute has placed the bond requested by the ECB to authorize the NPL transaction with Amco - The very high requests have allowed to increase the amount and lower the yield
Cherry Legal: a new site for the recovery of NPLs
The law firm linked to the companies Cherry and Cherry 106, founded by Giovanni Bossi, has given itself an online and social identity. The company is looking for new professional figures
Npl, Ifis buys a 266 million package from Illimity
The Venetian bank has taken over a portfolio made up of unsecured loans, attributable to approximately 4.000 debtors.
Npl companies: Covid impact will be limited
According to the outlook of Abi and Cerved, the deterioration rates of loans granted to Italian companies will inevitably grow again in the two-year period 2020-2021, but they will remain far from the negative peaks of 2012 - The most affected are small and…
Npl, Cherry 106 buys 8 portfolios: "Semester beyond expectations"
The company founded at the end of 2019 by Giovanni Bossi recorded good results in the first half of its life, also initiating investments and strengthening its staff. The CEO: "The credit management market is changing profoundly".
Unicredit sells another 840 million Npl to Banca Ifis and Gaia
A loan portfolio for 486 million was sold to Ifis Npl, while the remaining 354 million was purchased from Gaia Spv
Unicredit sells Npl for 702 million
The buyers are illimity (477 million) and a vehicle financed by Guber and Barclays (225 million) - The impact of the transaction has already been included in the second quarter financial statements
Banca Ifis buys Npl of Unicredit for 335 million
The package includes seven non-performing unsecured portfolios, of which three stock portfolios (155 million) and four consumer portfolios (180 million)
Mps: EU gives green light to bad bank and shares take off
The Sienese bank has received the authorization from commissioner Vestager for the spin-off of 10 billion in non-performing loans: "It is not state aid".
Covid-19 does not stop NPLs: already 2020 operations in 73
In the first quarter of 2020, according to Credit Village Digital Week data, 73 transactions were carried out in the Italian market alone: only 3 fewer than in the same period of 2019 - the value is around 1,9 billion euros.
J-Invest completes 1,7 billion Npl securitization
The portfolio includes 1.930 unsecured corporate positions, 93% of which originated from banking and financial institutions.
Banca IFIS, NPL activity changes: 2 new companies are born
The Veneto group separates the credit purchase activities from the management and recovery ones - IFIS Npl Investing and IFIS Npl Servicing are born
Npl, recovery becomes agile with Cherry Legal
The new creature of the banker Giovanni Bossi has been set up, which joins the already launched Cherry and Cherry 106.
Coronavirus and Npl: for Bossi (Cherry) there is a risk of a wave of UTPs
The Coronavirus is also disrupting the market for defaulted loans with effects on both banks and specialized managers: this is what Cherry founder Giovanni Bossi says, according to whom the recovery of non-performing loans has become "slower…
Banks and companies, Coronavirus effect: postpone financial statements and meetings
The health emergency disrupts the lives of banks and businesses and pushes for regulatory interventions which, considering the exceptional nature of the situation, provide for the postponement of the presentation of financial statements and the holding of corporate meetings
Banco Bpm: more profits and dividends, fewer NPLs and no M&A
The CEO Giuseppe Castagna presented the strategic plan to 2023 in Milan, which will distribute dividends of 800 million to shareholders, invest in technology (1.100 early retirements and 200 branches closed) and focus on Wealth Management and derisking: "We'll go it alone".
UBI, less NPLs and more capital: the dividend rises to 4,4%
The Bank of Massiah improves operational management, reduces non-performing loans and strengthens capital - And the dividend increases by 8% compared to last year: 0,13 euros per share
Npl, B2 Kapital with Banca Sella to purchase third-party credit
Agreement between the Italian bank and the Norwegian company for the purchase and management of third-party NPEs.
Gross non-performing loans, in Italy there are still 325 billion
According to the NPL Market Watch published by Banca IFIS, the NPL market will continue to grow in 2020: transactions are expected for 37 billion, up from 32 in 2019 - Here are all the numbers.
Banca IFIS: 8,5 billion Npl in the new plan
The Venetian bank presented its new three-year strategic plan in Milan, which envisages net profit growing to 147 million, investments of 60 million and 190 new hires - CEO Colombini: "We have a competitive advantage over NPLs that…
Npl, Cherry106 buys three unsecured wallets
The company founded by Giovanni Bossi in 2019 is also about to launch its first industrial plan, after the recent capital increase.
Mps gets rid of another 1,8 billion Npl
The Sienese bank announced a further 3 transactions for the sale of non-performing loans to Illimity Bank: in 2019 the total amounted to approximately 3,8 billion.
Unicredit and Ubi sell Npl portfolios
The Bank led by Jean Pierre Mustier sold impaired loans deriving from leasing contracts for 154 million euros - Ubi securitizes mortgages for 857 million
Banca IFIS with Barclays and Guber acquires 1,4 billion Npl
The portfolio is made up of 22 positions sold by a leading financial institution - Banca IFIS has 1 billion euro of non-performing loans since 1,531 January
Npl, Cherry 106 is the new creation by Giovanni Bossi
The manager from Trieste, former CEO of Banca IFIS, took over a company that buys and manages Npl portfolios with the use of artificial intelligence and started a new entrepreneurial experience.
Ubi Banca: sharp reduction in NPLs with a target of 8% by the end of the year
The non-performing loans of the bank led by Victor Massiah are down, but the drop in profit weighs on the stock on the Stock Exchange - THE VIDEO INTERVIEW.
Unicredit runs on the stock exchange after maxi-securitization
The Bank has sold a portfolio of bad loans worth 4,1 billion gross - This is the largest residential NPL securitization project in Europe
Unicredit: ready to sell 6 billion npl
It's called Operation Prisma and it's the bank's new plan for the sale of a significant portion of non-performing loans. The news was released by the rating agency Scope. From Unicredit no official comment
Cassa Centrale sells Npl for 345 million to Arrow Global
The agreement concerns a portfolio of loans classified as non-performing, mortgage and unsecured, sold by 35 credit institutions (of which 33 belonging to the financial institution and 2 independent)
Mps towards the sale of NPLs for 10 billion and the stock market welcomes it
The Sienese institute rises in Piazza Affari on the news of a negotiation with the European Commission on the sale of a portion of non-performing loans for about two thirds of the total, in view of the search for a maturing buyer…
Npl and Spv notes, MyCredit stocks up for new purchases
The company specializing in the purchase and enhancement of NPL and UTP portfolios has created a new issue of 10 million equity financial instruments reserved for professional investors
Illimity buys 850 million NPLs and UTPs
The bank carried out four different operations. These are corporate secured positions mainly guaranteed by industrial and commercial assets
Banca IFIS: "NPLs halved since 2015, but the stock will increase"
On the occasion of the Npl Meeting organized as every year on the Venice Lido, the bank photographed the non-performing loan market, which in the meantime has become an industry with over 13 employees - CEO Colombini: "Since 2013, banks have sold over …
Unicredit sells Npl for 730 million
Non-performing loans are linked to mortgage credit agreements with customers in the small and medium-sized Italian business segment
Unicredit sells Npl for 45 million in Russia
The agreement was reached with EOS, through the subsidiary AO UniCredit Bank.
Unicredit sells 203 million of non-performing loans in Croatia
Zagrebecka banka, a subsidiary of Unicredit in Croatia, has signed a non-recourse assignment agreement with DDM on a portfolio of non-performing loans deriving from credit agreements granted to companies, SMEs and individuals.
Npl, Bossi (formerly Banca Ifis) founds Cherry and becomes an entrepreneur
The former CEO of Banca Ifis, Giovanni Bossi, launches a new company to bring new products with high added value to the market in the valorisation and recovery of Npl and Utp with the help of artificial intelligence
Elliott fund, not just Milan and Tim: watch out for banks and NPLs
The recapitalization of Credito Fondiario and the exploratory agreement with Banca Ifis herald the intention of the Elliot fund to play a leading role also on the non-performing loan market in Italy
Mps, Npl sold for another 340 million
The agreements add up to those recently completed and bring the total non-performing exposures sold by the bank in the last two weeks to almost 1,5 billion euro.
Unicredit sells 1,1 billion Npl portfolio
These are non-performing loans deriving from unsecured credit agreements with SMEs - The impact has already been included in the XNUMXnd quarter accounts
Ubi Banca: maxi operation on 900 million Npl
Approximately 900 million gross of doubtful positions sold: 157 in factoring and 740 in leasing transferred to Credito Fondiario. The ratio of gross non-performing loans, calculated on data as at 31 March 2019, decreases by one percentage point
Unicredit sells a 28 million Npl portfolio in Hungary
Through the subsidiary Unicredit Bank Hungary, the group has entered into an agreement with Eos Fktor for the sale of a portfolio of residential mortgages, unsecured loans and overdrafts - Also signed a three-year agreement on new flows of…
Banks and NPLs, Reale: "Italy is improving, but now the danger is UTPs"
The number one in Italy of Hoist Finance, a company specializing in the purchase and management of performing and non-performing loans, takes stock of NPLs and the Italian situation: "Many steps forward have been made, but loans Unlikely to pay…
Banca IFIS, acquired 1,4 billion Npl in 2019
As at 30 June 2019, the Npl portfolio owned by the Veneto banking group amounted to 16,4 billion in nominal value, to which must be added 6,4 billion in third-party management for a total amount of 22,8 billion in value…
Bank loans to businesses are down but is it really the fault of NPLs?
According to the former CEO of Banca Ifis, the drop of 271 billion in bank loans to companies in 7 years cannot be explained simply by the mountain of non-performing loans: something has broken between banks and companies
Unicredit: Sandokan 2 at the start on real estate NPLs
Unicredit agreement with Pimco, GWM and Aurora Recovery Capital - Sandokan 2 represents the continuation of the Sandokan program launched in 2016 - Two billion credits will be sold in several tranches, the first in June
Npl: new Banco Bpm-Credito Fondiario platform
The two companies set up a joint venture with shares of 70 and 30% respectively
Guber Banca takes over Npl for 350 million
The bank founded in 1991 by Francesco Guarneri and Gianluigi Bertini has purchased another three portfolios of non-performing loans: since the beginning of the year it has taken over 1 billion Npl.
Unicredit sells 210 million Npl to the Mediobanca group
The agreement reached with MBCredit Solutions provides for the sale of a portfolio of 51 million Italian-law loans and a further 160 million non-performing loans
Banco Bpm is negotiating for the sale of NPL leasing for 778 million
The Board of Directors evaluated the offers received from Credito Fondiario and Illimity Bank, giving a mandate to the CEO to continue the negotiation
Illimity Bank buys Npl for 85 million
"The market is more dynamic than expected", commented Andrea Clamer, head of the Npl Investment & Servicing division of the bank led by Corrado Passera.
Banks, Npl: in January the most serious monthly increase for 2 years
According to the latest Abi bulletin, net non-performing loans continue to fall over the year, but on a monthly basis they are rising again as it hasn't happened for over two years: from 31,9 to 33,4 billion - The mortgage market is recovering, registering …
Banco Bpm cleans up the accounts and cuts Npl but the adjustments weigh
Loan adjustments send the 2018 financial statements into the red but the bank led by Giuseppe Castagna has carried out "a very significant derisking action" which this year will allow it to run and distribute a dividend - Consolidation is not…