Iccrea Banca’s NPL offers Mutual benefits

Iccrea Banca, the banking group owned by Italian mutual banks, announced the completion of a €1bn NPL securitization transaction on Tuesday, pooling loans from multiple originators, with an application now pending for a state guarantee (GACS) for the senior tranche rated Baa3/BBB- by Moody’s and Scope Ratings, respectively.

  • By Asad Ali
  • 11 Jul 2018

Iccrea supports the banking operations of the mutual banks through the provision of banking products, access to capital markets, custodial and payment services, structuring, asset management and consulting, 

While Iccrea Banca has previously participated in the sale of €135m of bad loans from 15 mutual banks as well ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

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1 Citi 92,032.58 259 11.01%
2 Bank of America Merrill Lynch 79,057.17 220 9.45%
3 JPMorgan 69,156.83 197 8.27%
4 Wells Fargo Securities 68,746.03 193 8.22%
5 Credit Suisse 55,529.51 142 6.64%