Ambitious Intesa NPL plan a sign of Italian debt gold rush

By Asad Ali
19 Apr 2018

Intesa Sanpaolo’s newly approved plan to tackle its high non-performing loan (NPL) exposure includes a potential securitization of €11bn of gross NPLs and a loan servicing joint venture with a Swedish debt collection specialist as the scramble to win a share of the lucrative Italian debt servicing business gathers pace. Asad Ali reports.

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 reduce the risk on its balance sheet by transferring around 20% of the overall NPL book into a vehicle with a ...

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