Italian NPL collections jump 71%

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? Login