SmithNovak – South European NPL Market Update 2021 | SmithNovak | 16 September 2021 | Virtual Event

For much of 2020 and early 2021, NPL transactions have largely paused in the key markets of southern Europe. But with Investors now brimming with dry capital ready to spend and moratoria set to expire through much of the region, how will the banks resolve both legacy and new pandemic loans and what will the sales pipeline look like in the next months?

Panel Discussion Topics
• Italy, Spain, Portugal, Greece, France: how are NPL stocks growing and what opportunities will there be for Investors and Servicers?
• In May, the ECB's Andrea Enria said that "two in five euro zone banks are still in denial about bad loans". Is this still the case and ultimately, will they be forced to sell? What resolution strategies will the banks adopt?
• Have the tourism and hospitalty markets of the region now had a chance to recover this summer? What occupancy levels were witnessed?
• Some 54% of all new NPLs in Spain are expected to be Residential. In each of the countries in the region, for which asset classes can we expect to see defaults?
• Fiscal stimulus provided by Governments and Central Banks throughout the pandemic has meant the true impact has not yet been realized. Will we see a sharp increase in defaults in 2022?
• How will the Banking and Servicing landscape change over the next 18 months? Will we see more bank mergers and new Servicing/AMC platforms emerging? Has a Secondary market now evolved in Portugal, Spain, Italy and Greece?

2021 Partners:

PARTNERS:
• SS&C
• Intra Links