Portugal 
Spain 
Greece 
70 billion euro NPL coming on the market
Among the others also Rev Gestione Crediti should be ready to transfer the npls inherited by the Good Bank.
After having sorted the “Good Bank” with the transfer of Banca Marche, Banca Etruria and Cari Chieti to Ubi with the nominal value of one euro and the acquisition of Cariferrara by Bper, the match over the npls flown into the bad bank begins.
REV Gestione Crediti is the vehicle society that has received the non performing loans (NPL) coming from the 4 banks dissolved at the end of 2015. The credits have a total gross value of approximately 10.3 billion. According to the indiscretions from the financial newspaper Il Sole 24 Ore, the total amount of the bad loans coming on the market could reach 70 billion.
First transfers for Rev by the summer
According to what Il Sole 24 Ore reported, the process of gathering data and preliminary evaluation by Rev Gestione Crediti should be almost finished, therefore it would be possible proceeding with the first auctions for the sale of NPLs by next summer.
It’s not known yet whether the credits will be disposed of in a series of gradual operations or in just one process based on competition.
The Venetian banks and Mps also ready
With a similar timing to that of the Bad Bank of Banca Etruria and the others, the maxi disposal project of the MPS bad loans should also start, with a total gross value of 28.5 billion related only to the NPLs. The project, however, could be extended including also a part of the substandard loans.
The potentially transferable stock from Veneto Banca and Banca Popolare di Vicenza should be around 10 million. The banks, in fact, are about to merge depending on the reach of a conciliation agreement with the shareholders.
Intesa and Unicredit the main players
Besides the already mentioned Montepaschi, Intesa San Paolo and Unicredit will be the main players in the NPL disposal plan that, according to Il Sole 24 Ore, could be worth of 70 billion in total.
The group headed by Ca de sas especially has an investment program for 200 million in the Capital Light Bank, a structure that has disposed of about 20 billion of assets in the last 3 years and that is finalizing a transfer of NPLs for 2.5 billion in these days.
Unicredit, besides the maxi operation of 17.7 billion with Fortress and Pimco (with a transfer value corresponding to 12.9% of the credits), should have in program sales for additional 5 billion.