Tag: leasing

Non Performing Exposures and Non Core Assets leasing, in two words bad loans: this is the topic of these days and the title of the roundtable organized during the Leasing Forum by Assilea, the Italian Association for leasing. “Italy is a target when we talk about Npls, but its assets seem to have become suddenly interesting –comments Katia Mariotti, Ernst &Young partner – “Even though the amendment on Npls is now a law and many signs of progress have been made on the Turnaround, there is still a lot to do on the Leasing side”. Among the interventions, there is the one of Stefano Scalera, advisor of the Minister for Economy Padoan, as well as the opinions expressed by the operators of the industry such as Unicredit Leasing, Banca Finint, Intesa San Paolo Provis, and Alba Leasing. Between Non Performing Exposures (900 billion) and Non Core Assets (1,100 billion), we are talking about 2,000 billion of nonstrategic assets in Europe, a volume which remains extremely high despite the interventions of the BCE. About one-third of the stock is in Italy.

Besides the technical evaluations on the quality and distributions of the NPLs, the event is also an occasion to review the recent news introduced with the law on securitizations, which permits not only to sell the bad loans, but also the assets under leasing contracts. In this area, the non performing reaches 25.6 billion, 76% of which comes from real estate, followed by machinery (13%), vehicles and energy (4% each). Assilea presents three investigations on leasing NPLs which show an increase of the collection rates on the exposure at the moment of default and an improvement of the collection rates on industrial properties. The view is positive, therefore, but it’s crucial solving some points. For instance, the impossibility to sell the property not regularised yet, to which the solution adopted for the Venetian banks may apply, that required the buyer of the property to take responsibility for its regularisation within 120 days.