Venice, 14 September 2017 – The leading listed operators specialising in the NPL sector are meeting today in Venice for the second annual Equity NPL Meeting, the event organised by Banca IFIS and Mediobanca Securities and dedicated to NPL management.
The Equity NPL Meeting provides companies specialising in the sector and investment funds with an entire day of meetings to present their various business models (portfolio acquisitions, simple management or both) to players from Europe and the United Kingdom. As a result of these meetings, attendees can expand their reciprocal knowledge and dialogue with investors.
Antonio Guglielmi, Head of Equity Markets of Mediobanca, commented, “The participation of the leading operators in the NPL sector and numerous international funds confirms the high level of interest in credit management. The second annual Equity NPL Meeting is an important opportunity to get up to speed on an increasingly dynamic sector. The acceleration of growth in Italy, the renewal of the Guarantee on Securitization of Bank Non-Performing Loans (GACS) for another 12 months by the competent authorities and the reduction of the Cost of Equity in the periphery of the Eurozone are contributing to the emerging value of NPLs in Italy. This aids at reducing the bid versus ask price of NPLs, laying the foundations to pick up the pace in disposing of problematic assets in order to boost the credit capacity of the banking system”.
Mara di Giorgio, Head of Communications and Investor Relations of Banca IFIS added, “The Equity NPL Meeting provides the leading players in the sector with an opportunity to present their business models and value creation. Comparing the various Equity stories, it will become clear that each market player has decided to adopt business models and methods of controlling strategic phases that are highly diverse, while working in a market that everyone now identifies as one of the fastest changing and showing extremely high potential. Centralisation of phases, outsourcing and the internationalisation of the markets are only some of the issues examined by investors who intend to analyse the dynamics and outlook of the sector and its players.”
These are the listed companies participating in the event and their respective capitalisation: Arrow Global (UK €883 m), Axactor (Norway, €451 m), B2 Holding (Norway, €697 m), doBank (Italy, €870 m ), Banca IFIS (Italy, €2.2 bn), Cerved (Italy €1.8 bn), Hoist Finance (Sweden, €723 m), Intrum Justitia (Sweden, 3.5 bn), Prelios (Italy, €160 m) and Kruk Group (Poland, €1.5 bn) coming to total capitalisation of € 12.7 billion.