The European loan portfolio market has kept a strong pace with around €50bn closed during the first half of 2019.
In the first half of 2019, Greece took over from Italy as the most active country in the European market for loan sales, according to the Debtwire European NPLs1H19 report.
The data analysed in the report came from the Debtwire NPL Database, which recorded EUR 12.8bn in volume of Greek deals closed as of 17 July 2019, EUR9.7bn of which were reported in the first half of the year. Some EUR 10.5bn of Greek deals are currently ongoing.
Across Europe, the database is currently tracking 41 ongoing deals with a gros sbook value of EUR 73.8bn. This year, European deal volumes are expected to top EUR 100bn.
The first days of July have been already active,bringing the total volume of closed deals to 54 with a EUR 53.9bn GBV as of 17 July 2019.
The report also analyses the sector's M&A activity in Southern Europe as well as the increasing number of NPL securitisations.
Alessia Pirolo is Head of NPL Coverage at Debtwire ABS. From a previous focus on Southern European Commercial Real Estate, she is now in charge to expand Debtwire's NPL coverage areas around the world. Before joining Debtwire, she covered U.S. and European commercial real estate for The Wall Street Journal, and the Commercial Observer. She holds a master’s degree from the Columbia University Graduate School of Journalism.
Alessia Pirolo is Head of NPL Coverage at Debtwire ABS. From a previous focus on Southern European Commercial Real Estate, she is now in charge to expand Debtwire's NPL coverage areas around the world. Before joining Debtwire, she covered U.S. and European commercial real estate for The Wall Street Journal, and the Commercial Observer. She holds a master’s degree from the Columbia University Graduate School of Journalism.
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