13 Apr 2021 Italian NPL Collections: Lingering Covid-19 Impacts Keep Volumes Subdued

Total Page:16

File Type:pdf, Size:1020Kb

13 Apr 2021 Italian NPL Collections: Lingering Covid-19 Impacts Keep Volumes Subdued 13 April 2021 Structured Finance Lingering Covid-19 impacts keep volumes subdued Italian NPL collections: lingering Covid-19 impacts keep volumes subdued Italian NPL collections in February were 28% below pre-pandemic levels. Volumes are expected to remain subdued into the medium term as a third wave of Covid-19 Analysts led to yet another countrywide lockdown in March and April. Rossella Ghidoni February collections were 32% higher month-over-month, driven by increases in judicial +39 02 94758 746 collections and, in particular, note sales (1.4x and 11.45x, respectively). That said, the [email protected] increase came off a low base: January volumes represented the lowest monthly base Paula Lichtensztein since August. +49 30 27891 224 Note sales as a share of total proceeds were well above average, representing 12.6% of [email protected] monthly collections, a 60.4% increase with respect to the Covid average (April 2020 to Vittorio Maniscalco January 2021). Meanwhile, DPO collections continued the decline seen since December. +30 02 94758 456 In February, they represented 19.7% share of monthly collections, 19.2% lower than the [email protected] Covid average. Antonio Casado This report shows the performance of the Italian NPL securitisations rated by Scope on a +49 30 27891 228 deal-by-deal basis, based on monthly servicing reports available to February 2021. [email protected] Figure 1. Total gross proceeds (pre-Covid and during Covid) Team leader 300 David Bergman 250 +49 30 27891 135 [email protected] 200 Media 150 Keith Mullin [email protected] EUR (Mn) EUR 100 Related Research 50 Italian NPL collections: January 207 88 127 226 228 93 175 152 177 274 113 149 volumes plunge after December 0 boost March 2021 Jul-20 Apr-20 Oct-20 Jun-20 Jan-21 Feb-21 Nov-20 Dec-20 Aug-20 Sep-20 May-20 Better liquidity from growth of (pre-Covid) 6m Average 6m NPL platforms and regulatory action will drive note sales Source: Scope calculations on servicing reports February 2021 Scope Ratings GmbH Regus Porta Venezia Via Nino Bixio, 31 20129 Milano MI Phone +39 02 30315 814 [email protected] www.scoperatings.com Bloomberg: RESP SCOP 13 April 2021 1/8 Lingering Covid-19 impacts keep volumes subdued Figure 2. Variation in collection volumes (trailing six months vs. six months pre-Covid volume) Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 150% 101% 100% 72% 33% 50% 32% 31% 0% 1% - 11% 13% 15% - -50% 16% - 19% 19% 19% - - 21% - - - - 27% 27% 28% - - - 41% 41% 45% 46% - - - - 52% -100% - 77% - 88% - -150% Variation in Total Gross Variation in Judicial Gross Variation in DPOs Gross Variation in Notesale Gross Proceeds Proceeds Proceeds Proceeds Source: Scope calculations on servicing reports. 1 2 3 4 5 6 7 8 9 10 11 4Mori BCC NPLS Juno 1 Aqui SPV Bari NPL 2, BCC NPLS Maggese 2Worlds Red Sea Juno 2 Sardegna 2018 2 Maior S.r.l. S.r.l. S.r.l., 2018 S.r.l. S.r.l. S.r.l. SPV S.r.l. S.r.l. S.r.l. S.r.l. 12 13 14 15 16 17 18 19 20 21 22 ELROND Prisma POP NPLs Aragorn NPL Leviticus Riviera NPL POP NPLs Belvedere Marathon Siena NPL IBLA NPL 2017 SPV 2019 Sr.l. 2018 Srl SPV S.r.l. Srl CF 2018 NPL Srl SPV S.r.l. 2018 S.r.l. S.R.L S.r.l. S.r.l. Figure 3. Total gross proceeds (% variation) – February versus average of 6 months pre-Covid Increase in Total Proceeds Decrease in Total Proceeds % Average Drop % Average Increase Average Increase: +70.31% 100% Average Drop: -44.58% 80% 60% 40% 20% 0% -20% -40% -60% -80% -100% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Source: Scope calculations on servicing reports. 13 April 2021 2/8 Lingering Covid-19 impacts keep volumes subdued Figure 4. Judicial gross proceeds (% variation) – February versus average 6 months pre-Covid Increase in Judicial Proceeds Decrease in Judicial Proceeds % Average Drop % Average Increase 80% Average Increase: +19.14% 60% Average Drop: -52.29% 40% 20% 0% -20% -40% -60% -80% -100% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Source: Scope calculations on servicing reports. 1 2 3 4 5 6 7 8 9 10 11 4Mori BCC NPLS Juno 1 Aqui SPV Bari NPL 2, BCC NPLS Maggese 2Worlds Red Sea Juno 2 Sardegna 2018 2 Maior S.r.l. S.r.l. S.r.l., 2018 S.r.l. S.r.l. S.r.l. SPV S.r.l. S.r.l. S.r.l. S.r.l. 12 13 14 15 16 17 18 19 20 21 22 Aragorn ELROND Prisma POP NPLs Leviticus Riviera NPL POP NPLs Belvedere Marathon Siena NPL IBLA NPL 2018 NPL 2017 SPV 2019 Sr.l. SPV S.r.l. Srl CF 2018 NPL Srl SPV S.r.l. 2018 S.r.l. S.R.L Srl S.r.l. S.r.l. Figure 5. DPO proceeds (% variation) – February versus average 6 months pre-Covid Increase in DPO Proceeds Decrease in DPO Proceeds % Average Drop % Average Increase 100% Average Increase: +16.34% 80% Average Drop: -54.17% 60% 40% 20% 0% -20% -40% -60% -80% -100% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Source: Scope calculations on servicing reports. 13 April 2021 3/8 Lingering Covid-19 impacts keep volumes subdued Figure 6. Share of February 2021 note sales in total gross proceeds Feb-21 Average (Apr 20 - Feb 21) 60% 50% 40% 30% 20% 10% 0% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Source: Scope calculations on servicing reports. 1 2 3 4 5 6 7 8 9 10 11 4Mori Aqui SPV Bari NPL 2, BCC NPLS BCC NPLS Maggese 2Worlds Red Sea Juno 2 Juno 1 S.r.l. Maior Sardegna S.r.l. S.r.l. S.r.l., 2018 S.r.l. 2018 2 S.r.l. S.r.l. S.r.l. SPV S.r.l. S.r.l. 12 13 14 15 16 17 18 19 20 21 22 Prisma POP NPLs Aragorn NPL Leviticus Riviera NPL ELROND NPL POP NPLs Belveder Marathon Siena NPL IBLA SPV 2019 Sr.l. 2018 Srl SPV S.r.l. Srl CF 2017 S.r.l. 2018 e NPL Srl SPV S.r.l. 2018 S.r.l. S.R.L S.r.l. Figure 7. Share of collections per recovery strategy 80% Judicial / Total (%)(gross 70% 67.77% proceeds) 60% DPOs / Total (%)(gross proceeds) 50% Notesales / Total (%)(gross 40% proceeds) Average: Judicial / 30% Total (%) 20% 19.68% Average: DPOs / Total (%) 12.55% 10% Average: Notesales 0% / Total (%) Jul-20 Oct-20 Apr-20 Jun-20 Jan-21 Mar-20 Feb-21 Aug-20 Sep-20 Nov-20 Dec-20 May-20 (6m Avg.) (6m Pre-Covid Source: Scope calculations on servicing reports. 13 April 2021 4/8 Lingering Covid-19 impacts keep volumes subdued Figure 8. Judicial and extra-judicial proceeds Judicial total proceeds DPOs total proceeds Note sales total proceeds 140 120 100 80 60 EUR (Mn) EUR 40 20 0 Jul-20 Apr-20 Oct-20 Jun-20 Jan-21 Mar-20 Feb-21 Aug-20 Sep-20 Nov-20 Dec-20 May-20 (6m Avg.) (6m Pre-Covid Source: Scope calculations on servicing reports. Footnotes: Figure 1: 6m Average (pre-Covid) refers to the average volumes registered from Sep-19 to Feb-20. Figure 2: The % variation is computed comparing collections between Apr 2020 and Feb 2021 with average volumes registered pre-Covid (i.e. the six months from Sep- 19 to Feb-20). Based on their closing dates, the average was computed only for the period Dec-19-Feb-20 for transactions nos.19,12 and for the period Oct-19-Feb-20 for transaction no. 22. The variation in total gross proceeds was computed on a set of 22 transactions, while the variation in judicial, extra-judicial and note sale proceeds was computed on a set of 20 transactions (excluding transactions nos. 21, 22), based on the availability of collections per type of recovery strategy. Figure 3: The variations in total proceeds (%) were computed comparing February 2021 collections with average volumes pre-Covid (i.e. the six months from Sep-19 to Feb-20). Based on their closing dates, the average was computed only for the period Dec-19-Feb-20 for transactions nos. 12 and 19. The average drop was computed only considering those transactions with a negative variation, while the average increase was computed only considering transactions with a positive variation. Figure 4: The chart refers to a sample of 20 transactions out of the 22, since monthly collections by recovery strategy were not available for transactions nos. 21, 22. The variation in judicial proceeds (%) was computed comparing February 2021 collections with average pre-Covid volumes (i.e. the six months from Sep-19 to Feb-20). Based on their closing dates, the average was computed only for the period Dec-19-Feb-20 for transactions nos. 12 and 19. The average drop was computed only for transactions showing a negative variation, while the average increase was computed only considering those transactions with a positive variation.
Recommended publications
  • $Industry$ SECTOR
    Italian Research 1H18 Results Milan, October 1, 2018 VETRYA OUTPERFORM SECTOR: Industrials Price (Eu): 7.28 Andrea Randone +39-02-77115.364 e-mail: [email protected] Target Price (Eu): 10.20 A Strong Set of Results Looking Ahead to the New Business Plan 1H18 EBITDA to Eu3.2mn, up 74% YoY. Vetrya filed a very strong set of 1H18 results thanks to strong margin expansion. 1H18 turnover came in at Eu27mn, down 5% YoY and almost Next event: 9 October 2018 2018-23 Industrial Plan Presentation in line with our estimates. EBITDA was Eu3.2mn, up 73.6% YoY and 5% better than expected, thanks to greater exposure to revenues generated outside Italy (revenue VETRYA - 12m Performance breakdown figures were not provided). The cost base reduction was mainly related to externally-produced video content (whose cost went down from Eu22.6mn in 1H17 to 9.0 Eu19.8mn in 1H18), while labour costs increased from Eu2.2mn to Eu2.7mn. In addition, 8.5 net profit was a pleasant surprise, closing at Eu1.3mn compared to just Eu0.3mn in 1H17 8.0 and ahead of our Eu1mn forecast. The net cash position as at end-June was Eu6.6mn, 7.5 in line with the figure for December 2017. 7.0 New contracts to increase visibility on company growth. Vetrya has built up a solid track 6.5 6.0 record that marks it out as a reliable partner for telecom operators, and we are confident the S-17 N-17 J-18 M-18 M-18 J-18 S-18 company is in a position to continue building its international customer portfolio.
    [Show full text]
  • L'associazione Notarile Comunica L'esito Delle Vendite Fissate Per Il Giorno 28 Giugno 2017 N
    AUTOTRANSFERT - NOTARES ASSOCIAZIONE NOTARILE Via San Francesco da Paola n. 3 - 46100 MANTOVA TEL. 0376/329948 L'Associazione Notarile comunica l'esito delle vendite fissate per il giorno 28 giugno 2017 N. Esec. Imm. Notaio o Commercialista Creditore Esito Prossima Delegato Vendita Senza Inc. 1 064/2012 Balottin Jacopo ITALFONDIARIO S.P.A - ISTANZA G.E. 2 594/2011 Balottin Jacopo MANTOVABANCA 1896 CREDITO COOP. SOC. COOP. OFFERTA + ISTANZA G.E. 3 106/2012 Balottin Jacopo BANCA CARIGE S.P.A. - CASSA DI RISPARMIO DI GENOVA DESERTA 15/11/2017 E IMPERIA 4 021/2013 Balottin Jacopo BANCA POPOLARE DI SONDRIO Soc. Coop. per Azioni OFFERTA 5 425/2014 Balottin Jacopo ITALFONDIARIO SPA OFFERTA PARZIALE 15/11/2017 riunita con 176/2012 e la N° 231/2014 6 175/2015 Balottin Jacopo ITALFONDIARIO SPA OFFERTA 7 409/2014 Balottin Jacopo CASSA RURALE ED ARTIGIANA DI VESTENANOVA - DESERTA 15/11/2017 CRED. COOP. - SOC. COOP. 8 366/2014 Balottin Jacopo ITALFONDIARIO SPA DESERTA 15/11/2017 9 132/2015 Balottin Jacopo BANCO POPOLARE SOC. COOP. OFFERTA 10 391/2013 Dezio Daniela Santa UNICREDIT SPA OFFERTA 11 156/2013 Dezio Daniela Santa INTESA SANPAOLO SPA DESERTA 15/11/2017 12 388/2013 Dezio Daniela Santa CASSA PADANA BANCA DI CREDITO COOPERATIVO DESERTA 15/11/2017 SOC.COOP. 13 086/2014 Dezio Daniela Santa UNICREDIT SPA DESERTA 15/11/2017 14 341/2014 Dezio Daniela Santa UNICREDIT SPA OFFERTA 15 207/2015 Dezio Daniela Santa BANCA MONTE DEI PASCHI DI SIENA SPA DESERTA - ISTANZA GE SCADENZA OPERAZ VENDITA 16 196/2015 Dezio Daniela Santa UNICREDIT S.P.A OFFERTA 17 431/2015 Dezio Daniela Santa ITALFONDIARIO SPA OFFERTA 18 192/2015 Dezio Daniela Santa BANCO DI DESIO E DELLA BRIANZA S.P.A.
    [Show full text]
  • Banche, Confidi E Altri Intermediari Che Operano Con Il Fondo
    BANCHE, CONFIDI E ALTRI INTERMEDIARI CHE OPERANO CON IL FONDO AGRIFIDI AGRIFIDI EMILIA SOC. COOPRATIVA AGRIFIDI MODENA REGGIO FERRARA AGRIFIDI UNO EMILIA ROMAGNA ALBA LEASING A-LEASING A-LEASING SPA - SERVICE PROMOZIONI SERVIZI APIFIDI CENTRO ITALIA ART SGR ART SGR SPA ARTFIDI LOMBARDIA ARTIGIANCOOP ARTIGIANCREDITO ARTIGIANCREDITO TOSCANO ARTIGIANFIDI ITALIA ASCOM FIDI - VERCELLI ASCOM FIDI ENNA ASCOMFIDI NORD-OVEST ASCONFIDI LOMBARDIA ASTI GROUP PMI BANCA AGRICOLA POPOLARE DI RAGUSA BANCA APULIA BANCA CAMBIANO 1884 BANCA CARIGE BANCA CARIM - CASSA DI RISP. DI RIMINI BANCA CASSA DI RISPARMIO DI SAVIGLIANO BANCA DEL FUCINO BANCA DEL GRAN SASSO BANCA DEL MEZZOGIORNO BANCA DEL MEZZOGIORNO - MEDIOCREDITO CENTRALE BANCA DEL PIEMONTE BANCA DEL SUD BANCA DELL ALTA MURGIA BANCA DI CREDITO POPOLARE BANCA DI FORMELLO E TREVIGNANO ROMANO BANCA DI IMOLA BANCA DI PIACENZA BANCA DI SASSARI BANCA EMILVENETA BANCA FINANZIARIA INTERNAZIONALE BANCA IFIS BANCA INTERPROVINCIALE BANCA MONTE DEI PASCHI DI SIENA BANCA NAZIONALE DEL LAVORO BANCA NUOVA BANCA PASSADORE BANCA PATAVINA BANCA POPOLARE DEL CASSINATE BANCA POPOLARE DEL FRUSINATE BANCA POPOLARE DEL LAZIO BANCA POPOLARE DEL MEDITERRANEO BANCA POPOLARE DELL'ALTO ADIGE BANCA POPOLARE DELLE PROVINCE MOLISANE BANCA POPOLARE DI BARI BANCA POPOLARE DI BERGAMO BANCA POPOLARE DI CIVIDALE BANCA POPOLARE DI FONDI BANCA POPOLARE DI MILANO BANCA POPOLARE DI MILANO SPA BANCA POPOLARE DI PUGLIA E BASILICATA BANCA POPOLARE DI SONDRIO BANCA POPOLARE DI SPOLETO BANCA POPOLARE DI SVILUPPO BANCA POPOLARE DI VICENZA BANCA POPOLARE ETICA BANCA POPOLARE FRIULADRIA BANCA POPOLARE PUGLIESE BANCA POPOLARE SANT ANGELO BANCA POPOLARE VALCONCA BANCA POPOLARE VESUVIANA BANCA PRIVATA LEASING BANCA PROGETTO BANCA PROMOS BANCA PROSSIMA BANCA REALE BANCA SAN GIORGIO E VALLE AGNO BANCA SANTA GIULIA BANCA SELLA BANCA SISTEMA BANCA SVILUPPO ECONOMICO BANCA SVILUPPO TUSCIA BANCA TIRRENICA BANCA VALSABBINA BANCO BPM BANCO DELLE TRE VENEZIE BANCO DI CREDITO P.
    [Show full text]
  • Elenco Dei Soggetti Richiedenti Che Operano Con Il Fondo, Con Specifica
    Elenco dei soggetti richiedenti che operano con il Fondo – account abilitati all’utilizzo della procedura telematica - Ottobre 2020 (informativa ai sensi del Piano della Trasparenza - parte X delle Disposizioni operative) DENOMINAZIONE SOGGETTO RICHIEDENTE COGNOME NOME E-MAIL TELEFONO AAREAL BANK MAZZA ANTONIO [email protected] 0683004228 AAREAL BANK CIPOLLONE LORELLA [email protected] 0683004305 AGFA FINANCE ITALY SPA CRIPPA ANTONELLA [email protected] 023074648 AGFA FINANCE ITALY SPA BUSTI FILIPPO [email protected] AGRIFIDI ZAPPA GIUSEPPE [email protected] 3371066673 AGRIFIDI EMILIA ROMAGNA TEDESCHI CARLO ALBERTO [email protected] 05211756120 AGRIFIDI MODENA REGGIO FERRARA TINCANI ENNIO EMANUELE [email protected] 059208524 AGRIFIDI UNO EMILIA ROMAGNA EVANGELISTI CARLOTTA [email protected] 0544271787 AGRIFIDI UNO EMILIA ROMAGNA MONTI LUCA [email protected] 0544271787 A-LEASING SPA LOMBARDO CLAUDIO [email protected] 0422409820 ALLIANZ BANK FINANCIAL ADVISORS PISTARINO FRANCA [email protected] 0131035420 ALLIANZ BANK FINANCIAL ADVISORS CORIGLIANO FABIO [email protected] 0272168085 ALLIANZ BANK FINANCIAL ADVISORS CHIARI STEFANO [email protected] 0272168518 ALLIANZ BANK FINANCIAL ADVISORS CANNIZZARO FEDERICO [email protected] 3421650350 ALLIANZ BANK FINANCIAL ADVISORS KOFLER SAMUEL [email protected] 3466001059 ALLIANZ BANK FINANCIAL ADVISORS FERRARI PIERO [email protected] 3477704188 ALLIANZ
    [Show full text]
  • Intesa Sanpaolo S.P.A
    BASE PROSPECTUS DATED 20 JULY 2016 Intesa Sanpaolo S.p.A. (incorporated as a joint stock company under the laws of the Republic of Italy) €30,000,000,000 Covered Bond (Obbligazioni Bancarie Garantite) Programme unsecured and unconditionally and irrevocably guaranteed as to payments of interest and principal by ISP OBG S.r.l. (incorporated as a limited liability company under the laws of the Republic of Italy) The €30,000,000,000 Covered Bond Programme (the Programme) described in this base prospectus (the Base Prospectus) has been established by Intesa Sanpaolo S.p.A. (Intesa Sanpaolo or the Issuer) for the issuance of obbligazioni bancarie garantite (the Covered Bonds) guaranteed by ISP OBG S.r.l pursuant to Article 7-bis of law of 30 April 1999, No. 130 (Law 130) and regulated by the Decree of the Ministry of Economy and Finance of 14 December 2006, No. 310 (the MEF Decree) and the Supervisory Instructions of the Bank of Italy relating to covered bonds under Third Part, Chapter 3, of the circular no. 285 dated 17 December 2013, containing the "Disposizioni di vigilanza per le banche" as further implemented and amended (the BoI OBG Regulations and, together with Law 130 and the MEF Decree, the OBG Regulations). ISP OBG S.r.l. (ISP OBG or the Covered Bond Guarantor) issued a first demand (a prima richiesta), autonomous, unconditional and irrevocable (irrevocabile) guarantee (garanzia autonoma) securing the payment obligations of the Issuer under the Covered Bonds (the Covered Bond Guarantee), in accordance with the provisions of Law 130 and of the MEF Decree.
    [Show full text]
  • Annual Report and Accounts
    2020 Annual Report and Accounts Do the right thing! For the Real Economy We quickly took decisive actions to support the backbone of the real economy in Europe: small and medium sized enterprises. AWARDED ‘WORLD'S BEST BANK FOR SMES’ In October, UniCredit was awarded ‘Best Bank for SMEs’ by Global Finance magazine in its World’s Best Global Banks Awards. This was based on our performance over the past year, based on criteria including reputation and management excellence. Contents Board of Directors, Board of Statutory Auditors and External Auditors as at 31 December 2020 5 Chairman’s message 10 Chief Executive Officer’s message 14 Preliminary notes 33 CONSOLIDATED REPORT AND ACCOUNTS 2020 OF UNICREDIT GROUP 37 COMPANY REPORT AND ACCOUNTS 2020 OF UNICREDIT S.P.A. 503 Incorporations of qualitative information by reference 755 Glossary 761 Contacts 775 Notes The following conventional symbols have been used in the tables: • a dash (-) indicates that the item/figure is non-existent; • two stops (..) or “n.m.” when the figures do not reach the minimum considered significant or are not meaningful; • “n.a.” indicates that the figure is not available. Any discrepancies between data are solely due to the effect of rounding. UniCredit · 2020 Annual Report and Accounts 3 I UniCredit S.p.A. A joint stock company Registered Office and Head Office: Piazza Gae Aulenti, 3 - Tower A - 20154 Milano Share capital €21,059,536,950.48 fully paid in Registered in the Register of Banking Groups and Parent Company of the UniCredit Banking Group, with cod. 02008.1 Cod.
    [Show full text]
  • Sanpaolo International Fund
    EURIZON MANAGER SELECTION FUND Fondo comune d'investimento di diritto lussemburghese a comparti multipli ELENCO DEI SOGGETTI COLLOCATORI IN ITALIA Valido a decorrere dall’8 marzo 2019 - INTESA SANPAOLO S.p.A. – Piazza San Carlo 156 – Torino Il collocamento delle quote dei comparti commercializzati in Italia è effettuato mediante sportelli bancari, Consulenti finanziari abilitati all’offerta fuori sede nonché tramite tecniche di comunicazione a distanza (Internet). Tramite Internet è possibile effettuare sottoscrizioni in unica soluzione e mediante Piani di Accumulo, conversioni in unica soluzione e rimborsi. Le operazioni di rimborso possono essere effettuate anche tramite banca telefonica. Intesa Sanpaolo S.p.A. è Agente di collocamento autorizzato dalla Società di Gestione all’attivazione dei Piani di Accumulo, del Servizio Clessidra nonché dei Passaggi Agevolati. - BANCA APULIA S.p.A. – Via Tiberio Solis 40 – San Severo (FG) Il collocamento delle quote dei comparti commercializzati in Italia è effettuato mediante sportelli bancari, Consulenti finanziari abilitati all’offerta fuori sede nonché tramite tecniche di comunicazione a distanza (Internet). Tramite Internet è possibile effettuare sottoscrizioni in unica soluzione e mediante Piani di Accumulo, conversioni in unica soluzione e rimborsi. Le operazioni di rimborso possono essere effettuate anche tramite banca telefonica. Banca Apulia S.p.A. è Agente di collocamento autorizzato dalla Società di Gestione all’attivazione dei Piani di Accumulo, del Servizio Clessidra nonché dei Passaggi Agevolati. - BANCA PROSSIMA S.p.A. - Piazza Paolo Ferrari 10 - Milano Il collocamento delle quote dei comparti commercializzati in Italia è effettuato mediante sportelli bancari, Consulenti finanziari abilitati all’offerta fuori sede nonché tramite tecniche di comunicazione a distanza (Internet).
    [Show full text]
  • Anno IX N. 3/2021
    Bollettino di Vigilanza Anno IX n. 3/2021 Pubblicato il 30 aprile 2021 2 (decreto legge 6 luglio 2012 n. 95 convertito con legge 7 agosto 2012 n. 135) Registrazione presso il Tribunale di Roma n. 278/2006 del 14 luglio 2006 Direzione e Redazione presso l’Istituto per la vigilanza sulle assicurazioni Direttore responsabile Roberto NOVELLI Indirizzo via del Quirinale 21 – 00187 ROMA Telefono +39 06 42133.1 Fax +39 06 42133.775 Sito internet http://www.ivass.it Tutti i diritti riservati. È consentita la riproduzione a fini didattici e non commerciali, a condizione che venga citata la fonte ISSN 2420-9155 (online) 4 Indice 1. PROVVEDIMENTI ......................................................................................................... 3 1.1 PROVVEDIMENTI RIGUARDANTI SINGOLE IMPRESE .............................................. 5 Provvedimento prot. n. 0048462/21 del 5 marzo 2021 .................................................. 5 TUA Assicurazioni S.p.A. - Autorizzazione ad estendere l'esercizio dell'attività assicurativa ai rami danni 4. Corpi di veicoli ferroviari, 5. Corpi di veicoli aerei e 11. Responsabilità civile aeromobili, di cui all'art. 2, comma 3, del decreto legislativo 7 settembre 2005, n. 209. Provvedimento. ................................................. 5 Provvedimento prot. n. 0051594/21 del 10 marzo 2021................................................. 6 Autorizzazione, ai sensi dell'art. 68 del decreto legislativo 7 settembre 2005, n. 209, all'acquisizione da parte di HDI V.a.G. e HDI Assicurazioni S.p.A. dell’intero capitale sociale di Amissima Assicurazioni S.p.A.. Provvedimento. ......... 6 Provvedimento prot. n. 0051595/21 del 10 marzo 2021................................................. 7 Autorizzazione, ai sensi dell'art. 68 del decreto legislativo 7 settembre 2005, n. 209, all'assunzione da parte di Intesa Sanpaolo S.p.A.
    [Show full text]
  • FTSE Italia STAR
    2 FTSE Russell Publications 19 August 2021 FTSE Italia STAR Indicative Index Weight Data as at Closing on 30 June 2021 Constituent Index weight (%) Country Constituent Index weight (%) Country Constituent Index weight (%) Country Abitare In 0.32 ITALY Elica 0.21 ITALY Orsero 0.34 ITALY Aeffe 0.17 ITALY Emak 0.35 ITALY Pharmanutra 0.59 ITALY Aeroporto Guglielmo Marconi di Bologna 0.27 ITALY Equita Group 0.21 ITALY Piovan 0.93 ITALY Alkemy 0.2 ITALY Esprinet 1.86 ITALY Poligrafica S Faustino 0.01 ITALY Amplifon 10.62 ITALY Eurotech 0.44 ITALY Prima Industrie 0.36 ITALY Antares Vision 1.02 ITALY Falck Renewables 2.24 ITALY Reno de Medici 0.76 ITALY Aquafil 0.95 ITALY Fiera Milano 0.26 ITALY Reply 10.07 ITALY Ascopiave 0.91 ITALY Fila 1.1 ITALY Retelit 1.06 ITALY Avio 0.79 ITALY Garofalo Health Care 0.63 ITALY Sabaf 0.72 ITALY B&C Speakers 0.2 ITALY Gefran 0.2 ITALY Saes Getters 0.44 ITALY Banca Finnat 0.08 ITALY Giglio Group 0.06 ITALY Saes Getters Rsp 0.45 ITALY Banca Ifis 1.21 ITALY Igd - Immobiliare Grande Distribuzione 0.93 ITALY Sanlorenzo 1.04 ITALY Banca Sistema 0.32 ITALY Illimity Bank 2.63 ITALY Seco 0.55 ITALY BB Biotech 10.07 ITALY Interpump Group 10.04 ITALY Servizi Italia 0.09 ITALY Be 0.45 ITALY Irce 0.12 ITALY Sesa 3.17 ITALY Biesse 1.33 ITALY Isagro 0.25 ITALY SICIT Group 0.64 ITALY Cairo Communication 0.4 ITALY Italmobiliare 1.48 ITALY Sogefi 0.22 ITALY Carel Industries 3.11 ITALY Ivs Group 0.29 ITALY Tamburi Investment Partners 2.98 ITALY Cellularline 0.25 ITALY La Doria 0.74 ITALY Tesmec 0.13 ITALY Cembre 0.38 ITALY Landi
    [Show full text]
  • Lista Accreditati Portale Garanzia Italia
    Emergenza Covid19 Lista Accreditati Portale Garanzia Italia Istituti di credito e soggetti abilitati all’esercizio del credito Lista aggiornata al 26 luglio 2021 – ordine alfabetico 1 Alba Leasing SPA Anthilia Capital Partner SGR SpA AOSTA FACTOR S.P.A. Arlington Capital Ltd Art SGR S.p.A. Auriga Asset Management Backer Generoso Andria S.p.A. Banca Adria Colli Euganei - Credito Cooperativo Banca Agricola Popolare di Ragusa SCPA Banca Cambiano 1884 SpA Banca Carige SpA Banca Centro Lazio Credito Cooperativo Banca di Caraglio, del Cunese e della Riviera dei fiori – C.C.S.P. Banca di Credito Cooperativo Valdostana Banca del Fucino SpA Banca del Gran Sasso d’Italia, B.C.C. SCPA Banca del Monte di Lucca SpA Banca del Piemonte SpA Banca del Territorio Lombardo Cred. Coop. S.C. BANCA DEL VENETO CENTRALE CREDITO COOPERATIVO SOC. COOP. Banca di Bologna Credito Cooperativo S.C. Banca di Cividale S.p.A. Banca di Credito Cooperativo dei Castelli Romani e del Tuscolo S.C. Banca di Credito Cooperativo del Velino S.C. 2 Banca di Credito Cooperativo di Alberobello e Sammichele di Bari S.C. Banca di Credito Cooperativo di Barlassina S.C. Banca di Credito Cooperativo di Casalgrasso e Sant’Albano Stura S.C. Banca di Credito Cooperativo di Cherasco S.C. Banca di Credito Cooperativo di Flumeri S.C. BANCA DI CREDITO COOPERATIVO DI OSTRA E MORRO D’ALBA Banca di Credito Cooperativo di Sarsina S.C. Banca di Credito Popolare S.c.p.A. Banca di Imola S.p.A Banca Finint SpA Banca Galileo S.p.A Banca IFIS S.p.A Banca Lazio Nord ScpA BANCA MALATESTIANA Credito Cooperativo Banca Mediolanum SpA Banca Monte dei Paschi di Siena SpA Banca Monte Pruno - Credito Cooperativo di Fisciano, Roscigno e Laurino – S.C.
    [Show full text]
  • SCIPAFI - Lista Degli Aderenti Diretti Abilitati Aggiornata Al Giorno 8 Aprile 2019 N
    SCIPAFI - Lista degli aderenti diretti abilitati aggiornata al giorno 8 aprile 2019 n. Denominazione Tipo Aderente 1 "COOPERATIVA FIDI E GARANZIA DEL CREDITO a) Banche ed intermediari finanziari PER ARTIGIANI E PICCOLE IMPRESE, SOCIETA' COOPERATIVA A RESPONSABILITA' LIMITATA" O IN FORMA ABBREVIATA "ARTFIDI LOMBARDIA S.C.R.L." 2 2 SRL b) Fornitori di servizi di comunicazione elettronica 3 A.F. ENERGIA SRL UNIPERSONALE b-ter) Soggetti autorizzati alla vendita di energia elettrica e di gas naturale 4 A2A Energia S.p.A. b-ter) Soggetti autorizzati alla vendita di energia elettrica e di gas naturale 5 Aareal Bank AG - Filiale Italia a) Banche ed intermediari finanziari 6 Acantho S.p.A. b) Fornitori di servizi di comunicazione elettronica 7 ACCEDO SpA a) Banche ed intermediari finanziari 8 ACEA ENERGIA S.P.A. b-ter) Soggetti autorizzati alla vendita di energia elettrica e di gas naturale 9 ACEA ENERGY MANAGEMENT S.R.L. b-ter) Soggetti autorizzati alla vendita di energia elettrica e di gas naturale 10 ACEA Pinerolese Energia S.r.l. b-ter) Soggetti autorizzati alla vendita di energia elettrica e di gas naturale 11 ACEL Service S.r.l. b-ter) Soggetti autorizzati alla vendita di energia elettrica e di gas naturale 12 ACSM Trading S.r.l. b-ter) Soggetti autorizzati alla vendita di energia elettrica e di gas naturale 13 ADV FINANCE S.P.A. a) Banche ed intermediari finanziari 14 Agata SPA a) Banche ed intermediari finanziari 15 Agenzia De Laurentiis s.r.l a) Banche ed intermediari finanziari 16 AGESP Energia S.r.l.
    [Show full text]
  • ITALIAN Npls, a MACROECONOMIC CHALLENGE
    POLITECNICO DI MILANO Department of Management, Economics and Industrial Engineering MSc in Management Engineering ITALIAN NPLs, A MACROECONOMIC CHALLENGE Supervisor: Prof. Giancarlo Giudici Master Thesis of: Andrea Disarò Matr. 820307 Academic Year 2016/2017 _______________________________________________________________________________________ 1 Index of contents ABSTRACT ...................................................................................................................................................... 5 INTRODUCTION ............................................................................................................................................. 7 1. THE NPLs DEFINITIONS AND CLASSIFICATIONS ............................................................................ 10 1.1 An heterogeneous definition .................................................................................................................. 10 1.2 The European Banking Authority (EBA) definitions ............................................................................ 11 1.3 Banca d’Italia definitions ...................................................................................................................... 14 1.4 The role of Centrale dei Rischi .............................................................................................................. 17 2. THE ITALIAN NPLs MARKET OVERVIEW .......................................................................................... 18 2.1 The NPLs stock, a European issue
    [Show full text]