The Italian non-performing loan (NPL) market is on track for a record year in terms of securitisations and mergers and acquisitions of servicers and NPL management platforms, according to analysis of Debtwire and Mergermarket data.

We've put together all the insights from the 2017 CEE Restructuring Forum where we looked at the Ukraine, legal updates and the Agrokor situation. 

• Sberbank granted appeal to recover assets held against Agrokor including retail chain Mercator
• Agrokor secures recognition from UK court for administration proceedings as owner Ivica Todoric is released from UK custody on bail
• The company’s €1.06bn roll-up and new money facility will receive a further €100m from supplier creditors

• Italy appears to be addressing its EUR 200bn bad debt mountain
• EUR 60.9bn across 16 deals are currently ongoing
• Investors are moving south showing interest in Greece’s EUR 100bn and Portugal’s EUR 36bn debt

We caught up with Federico Sutti, Italy Managing Partner at Dentons to get his views on the Italin NPL reforms before his panel discussion at the Italian Restructuring Form at Debtwire Week. 

NPL investors continue to head south. Deals keep coming out of Spain and new markets, such as Portugal, Greece and Cyprus, are slowly emerging. But the real action has been in Italy, which finally has started to address its EUR 200bn bad debt mountain.

The European commercial real estate market got off to a slow start in 2017. Transaction volumes during the first quarter are thinner than a year earlier. However, there are enough interesting themes emerging this year.

Years have gone by, and no answer has been posed the NPL questions in Italy.  Lots of talk and discussion about what to do about the question has gone on, but there has yet to be any actions pursuing an end to the problem. 

Non-performing loans (NPLs) have reached systemic levels in Italy. Earlier this year during a discussion in Milan, experts considered the outlook for future portfolio sales. 

Maurizio Ria from Duke & Kay summarises the key lessons for investors seeking to access Italian NPLs.