After a very subdued start to the year, the market for impaired loans in Italy woke up between June and July. So after a total value of transactions announced from just over 2.9 billion euros gross between January and May, the following two months recorded transactions of over 3 billion euros, bringing the 7-month total to just under 6.2 billion, spread over 27 transactions.
A figure that nonetheless shows that the market has changed a great deal since the years before. In fact, it compares with the €35 billion gross value and 60 deals announced or closed in all of 2022 (see here BeBeez’s NPL 2022 Report), a year in which there was a jump in deal countervalue compared to the €27 billion worth of deals mapped out in 2021, which, however, were spread over 77 deals (see here BeBeez’s NPL 2021 Report). Recall that 102 deals had instead been mapped in all of 2020 for a gross value of more than 42 billion euros of loans sold, again thanks to a real final rush concentrated at the end of the year (see here BeBeez’s NPL 2020 Report). However, the recovery in activity had not made it possible to reach the record in 2019, when 82 deals worth just under 52 billion euros were announced (figure reviewed up from the BeBeez’s NPL 2019 Report).
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