Ambitious Intesa NPL plan a sign of Italian debt gold rush
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Ambitious Intesa NPL plan a sign of Italian debt gold rush

Italy

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.

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