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…
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
With the operation, the multi-year servicing agreement also comes into force, with which MBCredit Solutions supports Banca Ifis in the NPL sector
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
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...
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
The acquisition confirms the bank's commitment to continue identifying and exploiting investment opportunities in the sector through specialized digital platforms
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
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...
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
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
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…
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 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%
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
The portfolio exclusively includes non-performing loans deriving from mortgage and unsecured loan agreements governed by Italian law
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
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
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
The sale concerns a non-performing portfolio including mortgage and unsecured loans - The purchaser is the special purpose vehicle Olympia.
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
According to DG Signorini, who spoke at the Credit Day, "the Italian banking system has withstood the impact of the pandemic well overall"
This is the largest NPL acquisition in the Bank's history, ahead of its 2021 non-performing loan purchase target
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
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 …
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
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
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.
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…
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…
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
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
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…
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.
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.
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…
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
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
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…
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
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
The Venetian bank has taken over a portfolio made up of unsecured loans, attributable to approximately 4.000 debtors.
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…
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".
A loan portfolio for 486 million was sold to Ifis Npl, while the remaining 354 million was purchased from Gaia Spv
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
The package includes seven non-performing unsecured portfolios, of which three stock portfolios (155 million) and four consumer portfolios (180 million)
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".
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.
The portfolio includes 1.930 unsecured corporate positions, 93% of which originated from banking and financial institutions.
The Veneto group separates the credit purchase activities from the management and recovery ones - IFIS Npl Investing and IFIS Npl Servicing are born
The new creature of the banker Giovanni Bossi has been set up, which joins the already launched Cherry and Cherry 106.
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…
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
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".
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
Agreement between the Italian bank and the Norwegian company for the purchase and management of third-party NPEs.
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.
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…
The company founded by Giovanni Bossi in 2019 is also about to launch its first industrial plan, after the recent capital increase.
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.
The Bank led by Jean Pierre Mustier sold impaired loans deriving from leasing contracts for 154 million euros - Ubi securitizes mortgages for 857 million
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
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.
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.
The Bank has sold a portfolio of bad loans worth 4,1 billion gross - This is the largest residential NPL securitization project in Europe
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
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)
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…
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
The bank carried out four different operations. These are corporate secured positions mainly guaranteed by industrial and commercial assets
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 …
Non-performing loans are linked to mortgage credit agreements with customers in the small and medium-sized Italian business segment
The agreement was reached with EOS, through the subsidiary AO UniCredit Bank.
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.
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
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
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.
These are non-performing loans deriving from unsecured credit agreements with SMEs - The impact has already been included in the XNUMXnd quarter accounts
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
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…
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…
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…
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 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
The two companies set up a joint venture with shares of 70 and 30% respectively
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.
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
The Board of Directors evaluated the offers received from Credito Fondiario and Illimity Bank, giving a mandate to the CEO to continue the negotiation
"The market is more dynamic than expected", commented Andrea Clamer, head of the Npl Investment & Servicing division of the bank led by Corrado Passera.
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 …
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…
But those entered in the banks' balance sheets are 118 billion gross - According to the institute, which published the eighth NPL observatory, "there is a need for a real industry for the transformation of impaired credit"
The Sienese bank ended up in the storm after the letter from the ECB and the subsequent alarm raised by Salvini's party. But is it really founded? The bank presents the 2018 accounts on 7 February but the expectation is for a profit…
The crackdown on MPS's non-performing loans, forced to devalue the entire stock by 2026, suggests that the path chosen by Frankfurt is that of a general tightening of the rules - In Piazza Affari banking stocks still under pressure
The bank led by Giovanni Bossi has completed the acquisition - carried out internally in cash - of 90% of FBS, the fourth national operator specialized in the management of mortgage and corporate NPLs. The total amount of the operation is 58,5 million euros.…
This operation adds up to the sale of non-performing loans for around 24 billion euro finalized last June - Now the ratio between non-performing loans and total loans disbursed is around 16%.
As part of the operation, a platform will be created for the recovery of NPLs - The new structure will be created in partnership with Credito Fondiario, which will have 70% of the platform, while Banco Bpm will retain 30%.
"The banking package is a good compromise and above all seeks to compensate for the negative effects of the increase in the spread", commented the president Abi Patuelli - From NPLs to credit to SMEs, from liquidity to the "Danish compromise", here are the news in…
"We hope to close" said the CEO, Giuseppe Castagna - On the agenda will be the closure of the Ace project on the highly anticipated maxi sale of around 8 billion in non-performing loans.
