Payments climb back but new Italian NPL wave looms

By Tom Brown
16 Sep 2020

Debtors are paying off their mortgages in Italy at the same rate as they were before the pandemic, according to Banca IFIS, after the country suffered one of the worst declines in collections following the coronavirus lockdowns.

Missed collection levels for March and April were up by almost 25%, with April remaining the "worst month ever", surpassing even the depths of the global financial crisis, said Katia Mariotti, head of the central non-performing loan directorate at Banca IFIS, speaking on a virtual panel during the ...

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