The volume of non-performing loans of Spain’s six largest banks decreased further during  1Q20, but the banks have still set aside record levels of provisions to cover losses from an expected surge in bad loans due to the coronavirus pandemic.

NPL Chart of the Week: 03 May 2019

NPL Chart of the Week: 26 April 2019

With non-performing loan markets at a pivotal  point, investors set to expand geographical reach.

Brexit is the main macroeconomic factor likely to drive a European restructuring wave in 2019, according to Debtwire’s 15th European Distressed Debt Market Outlook.

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.

Italy produces half of total volume of NPL sales whilst sales slow in Spain. 

Debtwire launched the 14th edition of the European Distressed Debt Market Outlook today (14 February), produced in association with Greenhill and Orrick.

• Continued covenant erosion to hit call protection and see signs of market overheating

• 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

Markets Day at Debtwire Week took a closer look at opportunities in Southern Europe and Real Estate.

• EUR 209bn has already been deployed this year across leveraged loans and high yield bonds
• Leveraged loans experienced a record year during the first half of 2017
• Refinanced capital took 61% of transactions during first three quarters of 2017

Independence vote casts new light on NPL portfolios on the market.