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Credit management: the expansion of servicers, the new challenge of UTPs
12 August, La Repubblica
The next few years will reveal the actual capacity of servicers (like DoValue, Prelios, Cerved and Intrum) to collect the credits they acquired from banks. For this purpose, the creation of partnerships will be fundamental, like in the case of Credito Fondiario and Banca Ifis, which constituted a shared platform.
A new challenge is represented by the rising trend of UTPs, as seen in the recent sale by Intesa Sanpaolo to Prelios of UTPs for 3 billion euro. In this case, the capacity of servicers of restructuring debt is critical to be successful.
Source: La Repubblica
Translator: Cristina Ambrosi