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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