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PWC: a new wave of impaired loans coming up
19 June, Blasting Pop
In the last three years, the Italian banking sector managed to dispose of impaired loans for 190 million euro in total. Asset management also gained importance, with the first ten servicers managing assets for 171 billion euro from the previous 121.
The banking sector seems increasingly focused on UTPs. A correct management of UTPs will be essential to face new external shocks without public intervention. Moreover, if properly managed, UTPs may return being performing. Therefore, the approach towards these credits must go beyond their liquidation, as in the case of NPLs.
Source: Blasting Pop
Translator: Cristina Ambrosi