Scope Group’s Post

I am happy to announce that I'll be attending the 4th Edition of SmithNovak, NPL Europe event in London, March 6-7. 2024. moderated by Maja Zgajnar. This year's focus on the panel discussion I am attending as the speaker is incredibly timely, diving deep into the economic conditions and the evolution of Non-Performing Loans (NPLs) in Montenegro, within the crucial CSEE region. The event promises insightful discussions on the ongoing regulatory activities surrounding credit risk and NPLs and the current interest rate environment and its implications for banks' portfolio quality. As professionals in the finance sector, understanding these dynamics is key to navigating the challenges and seizing the opportunities in the NPL market. I'm looking forward to sharing valuable insights with industry experts and more the 350 attendees, connecting with peers, and discussing the latest trends and solutions in the NPL landscape. Stay tuned for updates as I share key takeaways from the event! Let's connect if you're also attending or interested in the evolving world of NPLs. Hipotekarna Banka #NPLEurope #SmithNovak #FinanceEvents #BankingSector #CreditRisk #Networking #ProfessionalGrowth

Some key takeaways from DD Talks NPL DAYS EUROPE, which took place in Barcelona on 16 May, where I was honored to moderate the Türkiye Panel: *Türkiye's historically high financial and legal barriers to entry have been eased through recent modifications of capital and regulatory requirements and the introduction of multiple NPL investment structures, further opening the market to foreign investors. *Türkiye's 85% inflation and corresponding Lira devaluation have contributed to the substantial appreciation of real estate and reduction of mortgage secured NPLs. Single name and portfolio REOs are actively selling, however, with a streamlined resolution process. *Türkiye largely focuses on unsecured consumer and SME debt, with a historic IRR of >20%. *Türkiye has a steady NPL pipeline, with portfolio sizes averaging EUR 30-40 mn. Teşekkür ederim to the very professional team at DD Talks and the very lively and knowledgeable Türkiye panel experts: Sezin Ünlüdoğan, Olga Ucoz, Murat Talu, CEMAL VURANKAYA, and Emre Edmund Ozer! #npls #loanrestructuring #loansales #REO #mergersandacquisitions

The European NPL market is poised for change this year, as Italy sees volumes decline and government-backed schemes coming to an end. Scope Group's Rossella Ghidoni, EMBA and Paula Lichtensztein spoke to SCI's Claudia Lewis about the evolution of Europe's NPL ABS market. SCI subscribers can access the full article here: https://lnkd.in/ejwgzZDW #securitisation #securitization #structuredfinance #structuredcredit #NPL #ABS

In the latest SC Lowy European credit update, CEO Michel Lowy and Portfolio Managers Alessandro Esposito and Jonathan Graber along with analyst Francesco Russo explain the attractiveness of special situations lending in the current market environment.   Higher interest rates, slowing economies, and tighter lending conditions are creating a very attractive environment in Europe for opportunistic credit strategies. Locally rooted, creative, fast-executing specialized asset managers with the ability to negotiate and interact with local stakeholders in the origination and analysis phases, and that can help expedite restructuring negotiations, strategic initiatives, as well as the execution of exit strategies, will be critical differentiators in generating portfolio returns in the current environment. The rich and diverse set of opportunities currently under consideration include: (i) stretch senior bridge lending opportunities secured by hard assets in the real estate sector; (ii) cherry-picking opportunities in NPL portfolios that are returning to market in secondary re-offers; and (iii) middle-to-upper market direct lending opportunities, particularly to Italian corporates seeking to refinance guarantee-backed loans and/or re-size bloated balance sheets. Giorgia Pozzoli #EuropeanCredit #specialsituations #restructuring #directlending #npl #realestate #assetmanager #SCLowy #Europe #Italy

AHL Brief Note: 22-Feb-2024 The management of ABL held an analyst briefing today to discuss the CY23 results and give an outlook of the bank’s strategy going forward. The management of ABL held an analyst briefing today to discuss the CY23 results and give an outlook of the bank’s strategy going forward. #KSE100 #PSX #Equities #Pakistan

We, as DestekBank FI Team, were pleased to host Banca Monte dei Paschi di Siena Turkiye Representative Office delegates Massimo Pellegrino and Meltem Özyurt Gökçek at our premises. Subsequent to the first official meeting of two parties, both Banca Monte dei Paschi di Siena and DestekBank would like to achieve mutual benefits in terms of different business areas. #meeting #destekbank #bancamps #banking #finance #business #trade #correspondentbanking

Intesa Sanpaolo (ISP.MI) CEO Carlo Messina on Tuesday 6 February 2024 criticised as "almost pathological" an excessive use of share buybacks to reward financial investors in Europe, after Italy's biggest bank announced the buyback shareholding investors had been expecting. Time to read CONVIVIUM research on bank capital management and distributions: Biondi, Yuri and Graeff, Imke J.. "Between Prudential Regulation and Shareholder Value: An Empirical Perspective on Bank Shareholder Equity (2001-2017) " Accounting, Economics, and Law: A Convivium, 2020. https://lnkd.in/eTxFxpi Dr. Imke Graeff Olante Maria Elena Angela Pettinicchio Valentina Za #bankingregulations #prudentialregulation #financialregulation #buyback #distributions #shareholdervalue #equitycapitalmarkets #equitymatters #equityresearch #bankingindustry #bankingandfinance #bankinglaw #banking #companylaw #eulaw

SmithNovak organized another big conference ˝NPL Europe 2024˝ in London last week. I was delighted to be invited to moderate the CSEE panel where I was joined by the panelists Jelena Vuletic, ACC, Inga Chkhaidze-Heynen, Viktor Toth and Daniel Smarduch. Here are the main takeaways of our interesting discussion: -         NPL levels in banks in CSEE are at a record low level when looking back to 2016. -         Quality of loans assets is expected to deteriorate in 2024. In 2023 there was an increase of insolvencies and financial restructurings in CSEE region as in the rest of the Europe. The deterioration of loan assets is expected for most of the loan segments, with the real estate sector to stand out. -         Increase of NPLs is expected but it should be modest and easily absorbed by banks that are well capitalized, with liquidity and high profitability (in CEE some of the banks will have record high results for the year 2023). Also, banks are very diligent in restructuring loans regularly. -         The new EU Directive 2021/2167 on credit servicers and credit purchasers, the so-called ˝NPL Directive˝ will affect the existing servicing businesses. Some of the smaller servicing business may not decide to seek obtaining a servicing license due to many requirements that need to be met and that can also lead to consolidation of servicing businesses. SmithNovak CMS CMS Slovenia #npl #restructuring #insolvency #banking #loans #realestate  

🍂 We’ve had a whirlwind September at the LMA, marked by impactful events, key milestones, and new beginnings! 🍁 Read LMA CEO Scott McMunn's latest monthly update to discover our achievements from September and what exciting initiatives lie ahead in the coming months! 🍂 Stay informed on our progress and plans and share your feedback with us as we work together to enhance the efficiency, liquidity, and transparency of our loan markets. Read more https://lnkd.in/e3tXxu9C #LMA #LoanMarkets

Our team had a great time attending and participating at SmithNovak's NPL Global summit that took place last week.    Reflecting on the NPL Servicing panel our CFO, Stephan Plagemann, CFA took part in, here are some of the key takeaways:   ☑ NPL volumes are down and as are the portfolios coming to market. ☑ Servicers of granular portfolios in particular are focussing on optimising processes and using technology as much as possible. ☑ Market expectation for NPL volumes is to increase again based on increasing stage 2 assets. ☑ Credit Servicers Directive are currently in very different stages between countries, with Germany being one of the few countries leading the way. ☑ Regulatory burden is expected to increase concentration of the market (contrary to the intention), as smaller players cannot afford the additional overheads. Discover our solutions for NPL Workout and Restructuring ➡ https://lnkd.in/d5BjVhYH #MountStreet #NPL #Servicing #NPLGlobal