Scope Collections Report
Increase in volumes in December but still below two-year average
The report assesses the performance of a fixed group of Italian NPL securitisations rated by Scope, based on monthly servicing data available through December 2024.
Italian NPL collections saw a sharp 81% month-on-month increase in December 2024, reaching EUR 339m, continuing the trend of December that is the peak month for collections. However, despite this surge, volumes remained 23% lower than the December average for 2022 and 2023.
Over the entire year, collections were down 24% compared to the previous two-year average, with every month—except January—falling short. The steepest decline occurred in August, with a 43% drop. Older transactions experienced a notable downturn in 2024 compared to 2023, with judicial proceeds and DPOs decreasing by 18% and 38%, respectively. While judicial proceeds for newer transactions remained consistent with 2023 levels, DPOs saw a 29% decline.
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