Ambitious Intesa NPL plan includes potential loan ABS

By Asad Ali
18 Apr 2018

Intesa Sanpaolo’s newly approved plan to tackle its high non-performing loan exposure includes a potential securitization of €11bn of gross NPLs, and a loan servicing joint venture with a Swedish debt collection specialist.

Under a plan that was approved by the bank's board on Tuesday, Intesa will develop a loan servicing joint venture with Swedish firm Intrum, as well as derisking the balance sheet by transferring around 20% of the overall NPL book into a vehicle with a securitization exit in ...

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