Siena NPL 2018, Italian Npls securitisation continues to underperform

Siena NPL 2108 the largest  securitization about an italian NPL Portfolio,  originated by Banca MPS Group continues to underperform in the activities of debt collection. The latest check carried out at the end of April by DBRS reveals recoveries in the last quarter of approximately of 108 million of Euro compared to the Euro 143 million expected in the business plan. Overall recoveries are 21%  less than expected  (3,669 Billion of euro against BP’s 4,996 Billion of euro)

The NPLs Portfolio is managed for debt collection activities by the main italian servicers Cerved, Gardand, Do Value and Prelios.

Roberto Sergio

Managing Director of Credit Village, Roberto Sergio has more than 20 years of experience in NPL and distressed debt in the Italian and International market. He is the editor of the NPL column in Credit Village Magazine and the director of Credit Village's National NPL Market Observatory.

Credit Village is a leading company in the field of specialized publishing and event organization for the credit management industry and in all issues and aspects related to the NPE market, including ESG , M&A, Real Estate etc. Credit Village has been the first company in Italy to bring the culture of the credit management industry to the press, events and online, creating the largest community in the sector around itself.