Italian NPL collections jump 71%

court_Adobe_11June
By Tom Brown
17 Feb 2021

Italy’s NPL collections have begun edging back to normality, with December’s collections 71% higher than those in November. The latest collection figures are the highest since the pandemic began.

The country went into a second lockdown in November, leaving bad debt repayments to plateau at 10%-15% of pre-Covid-19 levels, according to Scope Ratings.

Collections rose more than 16% in November, but still lagged behind pre-Covid levels. Servicers then saw collections hit €274m in December across Scope-rated NPL ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial