According to new data from the Debtwire ABS NPL Database presented today at Debtwire’s Italian Restructuring Forum in Milan, Italy is expected to lead the pack of European loan portfolio sellers again in 2019.
Only last year it was the new frontier, but 2019 will see Greece as the main player in the European loan portfolio market. For the first time, at the end of 1Q19 there was a higher volume of ongoing sales in Greece than in any other country, according to the Debtwire European NPLs 1Q19 report.
With non-performing loan markets at a pivotal point, investors set to expand geographical reach, according to A Global NPL Perspective, a new report by Ashurst, in partnership with Debtwire.
The 2009 financial crisis may have been global, but its effects in each country had a distinctly local flavour. None more so, perhaps, than the United Arab Emirates, where a highly mobile population of expats faced potential jail time over bounced cheques or defaults on loans.
After years of NPL portfolio disposals, market players in Spain are exploring securitisation as an exit strategy for NPLs according to delegates at Afme’s annual Spanish Funding conference in Madrid.
Amy Finch
Data Journalist, Debtwire
Alessia Pirolo
Head of NPL Coverage, Debtwire
Asli Orbay
Reporter, Arbitration and Litigation, Debtwire CEEMEA
