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All Market News: Italian Real Estate Intelligence

New bank mergers expected in 2021
10 January, Huffington Post Following the acquisition of Ubi by Intesa Sanpaolo, the Italian banking sector might see new mergers in 2021, as hoped for by the ECB and EBA, considering that the crisis caused by Covid might speed up the process. UniCredit is rumoured to acquire Mps, allowing the bank to reach total assets for 1,072 billion € and 17.2 billion € market capitalization, becoming the second bank in Italy after Intesa Sanpaolo (859 bln € assets and 3.1 bln € capitalization). The second possible merger is between Banco Bpm and Bper, which would create the third-largest bank of the country with total assets amounting to 261 billion € and 3.1 billion € market capitalization. Generally, banks are likely to become larger and provide new services in addition to lending, such as insurances, asset management and financial products. The banking sector is seeking to anticipate the pandemic's effects, reducing post-merger costs, and resuming generating income for the shareholders. Source: Huffington Post Translator: Cristina Ambrosi
 
PwC: new NPEs for 60-100 bln € coming on the Italian market
08 January, Monitor Immobiliare Although the NPE stock went from 314 billion € in 2015 to 130 billion € in 2020, the pandemic might impact this trend. PwC estimates new non-performing exposures between 60 and 100 billion € in the next 24 months. UTPs, which amounted to 59 billion in 2020, will be one of the most impacted asset classes, as SMEs and family-run businesses struggle due to the ongoing crisis. Meanwhile, banks are continuing their deleveraging activities, with transactions completed amounting to 30 billion € in 2020. Between 2021 and 2023, new NPLs transactions for 30-40 billion € are expected to compensate for the new inflow. Source: Monitor Immobiliare Translator: Cristina Ambrosi