Scope on Italian NPL Collections
volumes 40% lower than the September 2022-2023 average
Post-summer seasonal effects pushed September collections up 71% month-on-month, but volumes were 40% lower than the September 2022-2023 average, falling by EUR 104m in absolute terms.
Scope Ratings published its update on the performance of a static universe of Italian NPL securitisations based on monthly servicing reports available to September 2024. Due to post-summer seasonal effects September collections increased 71% month-on-month however a decline in September 2024 relative to the same month of 2022 and 2023 was seen across all recovery strategies.
Judicial proceeds fell by 32% (by EUR 38m), DPOs fell 43% (EUR 23m) while note sales proceeds fell by EUR 21m, or 76%.
In September volumes were 40% lower than the same month 2022-2023 average, falling by EUR 104m in absolute terms.
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