Industry Reports
Subscribe - News & Reports21 Sep 2023
In this issue of Economy in Focus we take a
closer look at the economic phenomenon of
NPLs. Explaining what they are, how they function, and what the future...
NPL, Non performing loans
19 Sep 2023
The past 18 months have delivered a paradigm shift in European
banking and loan portfolio markets.
Higher interest rates, a hiking cycle which began in early...
NPL, Non performing loans
30 Aug 2023
Italian NPL collections fell 22% in the first half of 2023 relative to the average of the same periods of 2021 and 2022. For June, collections rose 29%...
NPL, Non performing loans
24 Aug 2023
Asset quality at large Spanish, Italian and Austrian banks is forecast to exceed the European average this year and worsen in 2024.
In a sample of the...
NPL, Non performing loans
21 Aug 2023
One for the ages – commercial property loans made abundantly in a lower interest rate environment are facing a historical dilemma as rate hikes dramatically...
NPL, Non performing loans
7 Aug 2023
Conservative reported estimate of USD707b of NPLs held by banks across APAC as at end-2022. NPL levels are expected to rise in the medium term due to a...
NPL, Non performing loans
3 Aug 2023
Since the Global Financial Crisis, NPL have been increasingly in the spotlight of European regulators and policy makers. NPLs can significantly tie up the own...
NPL, Non performing loans
3 Aug 2023
The Directive (EU) 2021/2167 sets out a harmonized regulatory framework for services in relation to non-performing loans and has to be implemented by Member...
NPL, Non performing loans
31 Jul 2023
Economic growth in the European Union (EU) is projected to remain subdued in the current year. The Euro area entered a technical recession during the first...
NPL, Non performing loans
24 Jul 2023
The EY Non-performing exposure (NPE) tracker is a quarterly publication that aims to monitor key developments in European credit and NPE markets.
How are...
NPL, Non performing loans
6 Jul 2023
Bad debt has continued to decline in the EBRD’s European markets despite the economic tumults of the past years, finds the new edition of the NPL Monitor,...
NPL, Non performing loans
21 Jun 2023
Italy’s secondary debt market is experiencing a rapid upswing in activity, as a confluence of macroeconomic, regulatory and investor trends coalesce to...
NPL, Non performing loans
9 Jun 2023
In this commentary, DBRS Morningstar analyses recent trends and credit implications related to Italian unlikely-to-pay (UTP) securitisation transactions.
...
NPL, Non performing loans
8 Jun 2023
Deloitte’s European Banking & Loan Portfolio Outlook 2023 – Market Update considers recent developments in the loan portfolio market and possible...
NPL, Non performing loans
22 May 2023
We expect the performance of Italian NPL securitisations to remain subdued in 2023, although stable relative to last year. A series of factors is slowing the...
NPL, Non performing loans
20 Apr 2023
This edition of the tracker focuses on four key findings:
-Macroeconomic challenges are showing through provisions
-Europe’s Stage 2 classified loans have...
NPL, Non performing loans
18 Apr 2023
It’s a new world for the global commercial real estate (CRE) market. Amid sharply higher interest rates, debt costs have climbed above capitalization (cap)...
NPL, Non performing loans
20 Mar 2023
As European economies are in a general low growth period bordering on a mild recession, numerous individuals, and institutions with exposures to real estate and...
NPL, Non performing loans
27 Jan 2023
Barring a few exceptions, the performance of European NPL transactions issued prior to the outbreak of the Coronavirus Disease (COVID-19) deteriorated as the...
NPL, Non performing loans, Report
9 Jan 2023
Non-performing
exposures tracker,
Q2 2022
Shining a light on European lending
The EY NPE tracker is a quarterly publication that aims to monitor key...
NPL, Non performing loans
6 Jan 2023
In a volatile macroeconomic environment, but with improved medium-term economic forecasts, the Spanish NPL market is not experiencing a major wave of defaults....
NPL, Non performing loans
3 Jan 2023
The central themes of 2022—namely high inflation, potential economic recession, and dislocated asset prices—are expected to continue to be with us as we...
NPL, Non performing loans
3 Jan 2023
Global growth slowed through 2022 on a diminishing reopening boost, fiscal and monetary tightening, China’s Covid restrictions and property slump, and the...
NPL, Non performing loans
2 Jan 2023
Policymakers, at least in the U.S. and Europe, now appear resigned to weaker economic growth in 2023. Any recessions are likely to be short-lived, but they will...
NPL, Non performing loans
19 Dec 2022
On December 16, 2022, EBA published the final draft Implementing Technical Standards (ITS) regarding the data templates for non-performing loan transactions....
NPL, Non performing loans
8 Dec 2022
The publication reviews the latest non-performing loan (NPL) trends in 17 countries 2 in central, eastern and south-eastern Europe (CESEE). This edition focuses...
NPL, Non performing loans
7 Dec 2022
How are NPL stocks developing in each of the countries represented, and what Debt Management & Disposal models are used? How is the ecosystem of DCAs,...
NPL, Non performing loans
7 Dec 2022
While banks’ asset quality remained relatively resilient to the COVID-19 pandemic, there is growing concern that pressure is now mounting and pointing towards...
NPL, Non performing loans
1 Dec 2022
The stock of non-performing exposures on Italian
banks' books has reached its lowest values
in the last 15 years with €68bn in June 2022.
We need to go...
NPL, Non performing loans
30 Nov 2022
Welcome to KPMG’s European debt sales 2022 report. In this report, we identify and discuss key topics of the European bank deleveraging landscape that we...
NPL, Non performing loans, Report
1 Nov 2022
Banks are facing a number of challenges. We expect the higher risks in energy and energy-intensive lending alongside the impact of higher rates and a slowing...
NPL, Non performing loans, ING
1 Nov 2022
In this report, we identify and discuss key topics of the European bank deleveraging landscape that we believe will take center stage in 2022. We also look back...
NPL, Non performing loans
25 Oct 2022
Our Research Department provides clear interpretations of the economic-financial dynamics and market trends with its research and in-depth analysis.
NPL, Non performing loans
Article in Italian18 Oct 2022
As announced in its Action Plan of 16 December 2020, the Commission, in close cooperation with members and observers of the Commission’s NPL Advisory Panel,...
NPL, Non performing loans
11 Oct 2022
Despite a backdrop of increasing economic uncertainty, activity levels in the European loan portfolio market have remained high. Our latest European report...
NPL, Non performing loans
1 Oct 2022
This report examines the feasibility of establishing an online NPL transaction platform in Asia and
the Pacific as an additional tool for resolving NPLs. It...
NPL, Non performing loans
15 Sep 2022
In the 2020-2021 two-year period, Italian banks recorded an increase in private sector risk factors (households and businesses), classifying 14,6% of the...
NPL, Non performing loans
15 Sep 2022
How will the effects of the pandemic, war in Ukraine, a potential Chinese property crash and rising energy prices impact the NPL transactions market over the...
NPL, Non performing loans
5 Sep 2022
This commentary analyses the performance of European non-performing loan (NPL) transactions publicly rated by DBRS Morningstar. It is based on the latest...
NPL, Non performing loans
11 Jul 2022
The European non-performing loan landscape looks very different in 2022, with large deals driven by urgent government regulation supplanted by small but steady...
NPL, Non performing loans
European bank CROs’ outlook on managing the COVID-19 pandemic, the war in Ukraine and high inflation
1 Jul 2022
Banks are an integral part of the European
economy. EY teams and the European
Banking Federation (EBF) believe that
a strong, resilient and forward-looking
...
NPL, Non performing loans
28 Jun 2022
The impact of the Covid-19 pandemic on bank credit risk in the European Union (EU) and the broader central, eastern and south-eastern European (CESEE) region...
NPL, Non performing loans
28 Jun 2022
With record levels of inflation, pressure on supply chains, and oil and gas supply concerns, a new wave of Non-Performing Loans is now expected to emerge in...
NPL, Non performing loans
1 Jun 2022
The first quarter of 2022 proved less eventful for Nordic consumer banks. Credit provision and non-performing loan (NPL) metrics fell, net interest margins...
NPL, Non performing loans
1 Jun 2022
This Q&A provides an overview of the markets and legal regimes, issues relating to the SPV and the securities issued, transferring the receivables, dealing...
NPL, Non performing loans
13 May 2022
Non-performing
exposures tracker
Q4 2021
Shining a light on European lending
The EY NPE tracker is a quarterly publication that aims to monitor key...
NPL, Non performing loans
2 May 2022
After addressing the securitisation of non-performing loans (NPLs) within the broader
context of the ECB’s efforts to reduce NPL stocks and inflows, we...
NPL, Non performing loans
29 Mar 2022
NPL transactions continued in the first quarter of 2022. Spain and Portugal were the most active jurisdictions with our Madrid, Barcelona and Lisbon offices...
NPL, Non performing loans, Garrigues
2 Mar 2022
With a new wave of pandemic NPLs expected to flood the European market over the course of the next two years, new opportunities and challenges for Servicers...
NPL, Non performing loans
28 Feb 2022
Semi-annual Italian NPL performance report: 60% of transactions set to under-perform by 2022
28 February 2022 1/32
The performance of Italian NPL...
NPL, Non performing loans
1 Feb 2022
In 2020, banks forecast a rise of credit risk by
increasing loans classified in stage 2 (IFRS9) from 9%
to 15%, a percentage that remained stable in 2021 and
...
NPL, Non performing loans
1 Jan 2022
Nowadays, one of the hot topics concerning the business world is that of non-
performing loans. This topic became relevant, in particular, following the global...
NPL, Non performing loans
31 Dec 2021
The NPE tracker aims to monitor key developments in European credit and NPE markets during the current downturn and beyond.
The tracker draws on data from...
NPL, Non performing loans
2 Dec 2021
With the ECB earlier this year warning that European Banks are "sweeping loan defaults under the carpet", this webinar is a discussion of the impact...
NPL, Non performing loans
9 Nov 2021
Covid-19 caused massive economic and societal dislocation as well as an unprecedented public health crisis. It has also
impacted default rates and increased...
NPL, Non performing loans
19 Oct 2021
NPL transactions continued to take off in the third quarter of 2021. A growing interest in NPL securitizations has been perceived, especially in Spain. In...
NPL, Non performing loans
1 Oct 2021
Continued decline in non-performing loan (NPL) ratios reflected an acceleration in the pace
of China’s economic recovery and a better business environment,...
NPL, Non performing loans
23 Sep 2021
An overview of new DBRS Morningstar-rated issuance in the Italian structured finance market so far in 2021 along with interesting trends and projections for...
NPL, Non performing loans
23 Sep 2021
DBRS Morningstar released six commentaries focusing on H1 2021 DBRS Morningstar-rated securitisations and an outlook for the remainder of the year.
NPL, Non performing loans
16 Sep 2021
For much of 2020 and early 2021, NPL transactions have largely paused in the key markets of southern Europe. But with Investors now brimming with dry capital...
NPL, Non performing loans
8 Sep 2021
The COVID-19 pandemic has led to a sharp economic downturn in the EU and worldwide.
Despite vast support schemes implemented by governments, banks are exposed...
NPL, Non performing loans
6 Sep 2021
In the aftermath of the Global Financial Crisis (GFC), non-performing loans (NPLs) have been a major
concern for supervisors, policy makers and market...
NPL, Non performing loans
1 Sep 2021
In 2021, 34 Bn€ of NPL sales are estimated, with a significant incidence of the secondary market (26%) and 11 Bn€ of transactions on UtP portfolios
NPL, Non performing loans
26 Jul 2021
In additional to the central tenets of economic analysis, such as GDP and inflation, we can draw on variables
indicative of economic scarring to assess the...
NPL, Non performing loans
21 Jul 2021
While regulated Irish lenders seem well-prepared for any increases in PDH mortgage arrears cases, the Central Bank wants those lenders to address key issues in...
NPL, Non performing loans, Arthur Cox
16 Jul 2021
Before COVID-19, the Italian NPE market was
nearly mature, as deleverage activities had
reduced sharply bad loans and, as a result, market
participants were...
NPL, Non performing loans
9 Jul 2021
Transactions with non-performing loans (NPLs) started to take off in the second quarter of
2021, especially in Spain and Portugal. The gradual fading in...
NPL, Non performing loans
30 Jun 2021
The sale of Non-Performing Loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises) reduces the number of delinquent loans held in
their inventories and...
NPL, Non performing loans
28 Jun 2021
The global COVID-19 pandemic has emerged as an unprecedented event that required extraordinary measures from governments across the world to re-ensure economic...
NPL, Non performing loans
16 Jun 2021
As defaults rise and banks are forced to clean their balance sheets, reports suggest we will see a very active portfolio sales market heading into the end of...
NPL, Non performing loans
7 Jun 2021
The worst-case scenario feared in the first half of 2020 ‒ that a significant rise in non-performing
loans (NPLs) would occur as a result of the Covid-19...
NPL, Non performing loans
1 Jun 2021
DBRS Morningstar released a commentary titled “Evolving Business Plans in Italian NPL Transactions”.
This commentary addresses the process that servicers...
NPL, Non performing loans
1 Jun 2021
The COVID-19 pandemic cast a long shadow over 2020, creating not only a public health crisis but also unprecedented economic and social challenges.
As a...
NPL, Non performing loans
6 May 2021
Following an unprecedented year in 2020, we are pleased to release our annual 2021 secured loan transaction market update. We cover our thoughts on the 2020 NPL...
NPL, Non performing loans
1 May 2021
Since the enactment of the communiqué governing the foundation and operations of NPL investment and servicing platforms (so-called Asset Management Companies,...
NPL, Non performing loans, Tahsili Gecikmiş Alacaklar
21 Apr 2021
With the pandemic putting significant pressure on economies in the CEE region, this event brings together Banks, Advisors, Legal Firms and Distressed Investors...
NPL, Non performing loans
15 Apr 2021
Snapshot on the status of implementation of the EU Restructuring Directive in selected Member States and the new English scheme.
Debt, Restructuring
12 Apr 2021
While the overall European non-performing loan (NPL) market has been in decline since its peak in 2018, the ongoing impact of COVID-19 may soon change things.
NPL, Non performing loans
7 Apr 2021
The webinar shared information on ERCD’s knowledge project “Roadmap for the Development of an NPL Trading Platform to Strengthen Asia’s NPL Markets amid...
NPL, Non performing loans
1 Apr 2021
In this NPL Update, we analyse the Irish NPL landscape following the end of the industry-wide payment breaks, current arrears levels for primary dwelling-house...
NPL, Non performing loans, Ireland
16 Mar 2021
Debt markets continue to feel the calming — even sedative — effects of the battery of support
measures rolled out to counteract the decline in business...
NPL, Non performing loans
9 Mar 2021
Model estimates of NPLs of a large sample of banks in the euro area suggest that macro-economic factors drive NPLs. This implies that the NPL-ratio may not...
NPL, Non performing loans
5 Mar 2021
The shock caused by the COVID-19 pandemic has triggered major changes in real estate, as in other sectors. However, in most cases, it has only accelerated...
NPL, Non performing loans
4 Mar 2021
In this study we examine the experience of Member States with Asset Management Companies (AMCs) to understand their opportunities and risks, and deeper...
NPL, Non performing loans
3 Mar 2021
With asset quality uncertain, strategic management of non-performing loans (NPLs) is key to supporting profitability and customers.
- The prolonged economic...
NPL, Non performing loans
22 Feb 2021
The negative effects of the pandemic look set to strike European banks hard. Throughout 2020, regulatory measures and state support camouflaged deteriorating...
NPL, Non performing loans
12 Feb 2021
Building on earlier EGOV papers, this briefing addresses the evolution of non-performing loans (NPLs) over time, the EU regulatory and supervisory approaches to...
NPL, Non performing loans
4 Feb 2021
Throughout the CEE/SEE region, the gross NPE ratio has more than halved from its peak of 9.8 % in the first half of 2014 (when we published the second edition...
NPL, Non performing loans
5 Jan 2021
This commentary summarises the key trends in Europe’s structured finance market in 2020. The year started off well, but then took a major step back following...
NPL, Non performing loans
1 Jan 2021
2020 records 38 Bn€ of NPL sales and 9 Bn€ of UTP transactions. The NPL amount is higher than previously expected due to the acceleration of the activity in...
NPL, Non performing loans
31 Dec 2020
This paper looks at financial resilience in the banking sector from a regulatory and industry perspective, from the initial measures taken to support banks and...
NPL, Non performing loans
31 Dec 2020
2020 challenged all of us. The most severe economic contraction in decades triggered vast monetary
accommodation and fiscal support packages that altered the...
NPL, Non performing loans
7 Dec 2020
In the aftermath of the financial crisis, non-performing loans (NPLs) have been a major concern for supervisors, policymakers and market participants across the...
NPL, Non performing loans
3 Dec 2020
A Panel discussion with Tom McAleese of Alvarez & Marsal, Oskar von Kretschmann of HSBC Bank, Richard Roberts of Arrow Global, Boris Hardi of BHPERE, Marwin...
NPL, Non performing loans
18 Nov 2020
In the wave of the COVID-19 pandemic, there has been a significant increase in debt held by both consumers and companies. Over the coming years, we expect to...
NPL, Non performing loans, Garrigues
1 Nov 2020
The issue of Non-Performing Assets (NPAs) in the Indian banking sector has long been a subject of much discussion and scrutiny, impacting (PSU) banks’...
NPL, Non performing loans, Deloitte
1 Nov 2020
With banking sector GNPAs in India perhaps already above INR 10 lakh crore, and expected
to increase to upwards of INR 15 lakh crore in the near future, there...
NPL, Non performing loans
24 Sep 2020
What is the likely scale and timing of increased defaults in each of the countries in the region, what asset classes are they and what options to manage these...
NPL, Non performing loans
18 Jun 2020
In the aftermath of the global financial crisis of 2008-09, the CESEE region became heavily burdened with the accumulation of non-performing loans (NPLs) ...
NPL, Non performing loans, Eric Cloutier
1 Oct 2019
The European loan portfolio market marked a record year with more than €200bn traded
in 2018. The contribution of the French market was underwhelming. But...
NPL, Non performing loans
9 Sep 2019
The Non-Performing Loan (NPL)Monitor is the semi-annual publication of the NPL Initiative, a subset of the Vienna Initiative. The ...
CSEE, CEE
15 Jun 2019
In the aftermath of the financial crisis, non-performing loans (NPLs) have been
a major concern for supervisors, policymakers and market participants in the
...
NPL, Non performing loans
1 May 2019
PwC | The Italian Unlikely to Pay Market
Italian Banking sector and the NPE market witnessed a
disruptive moment over the last three years (2015-2018):
•...
NPL, Non performing loans
5 Mar 2019
Over the past 12 months, we have assisted clients pursuing NPL transactions in the UK, Ireland, Spain, Portugal, Italy, Germany, Greece, Cyprus and China....
NPLs, UK, Ireland, Spain, Portugal, Italy, Germany, Greece, Cyprus and China
1 Jan 2019
Portmgal was heavily impacted by the financial crisis and in 2011 was forced to request a €78b bailout package from the European Union (EU), the European...
NPL, Non performing loans
1 Jan 2019
While the overall health of the U.S. financial sector has improved significantly since the depths
of the combined global financial and economic crises, a...
NPL, Non performing loans
1 Jan 2019
The enactment of the Insolvency and Bankruptcy Code 2016
(“IBC”) and pressure on Indian banks from the Reserve Bank
of India (“RBI”) to clean up their...
NPL, Non performing loans
1 Feb 2018
Welcome to our review of the Greek non-performing loan
(NPL) market. The recent liberalization of the economy has
facilitated Greece’s return to growth....
NPL, Non performing loans