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-0.000209497206703919 -0.000209497206703919 -0.000209497206703919 -0.000209497206703919 -0.00174581005586595 -0.00174581005586595 0.000698324022346354 0.000698324022346354
Stock impact report

Europe's debt collectors face reckoning as bad loans vanish [Reuters]

MEDIOBANCA SPA UNSP/ADR (MDIBY) 
Company Research Source: Reuters
Companies that recover unpaid bank debts, and which thrived in the aftermath of the euro zone sovereign debt crisis, are rethinking their business models and examining tie-ups with rivals after COVID-19, an energy crisis and two-decade-high interest rates failed to unleash a new wave of loan defaults. Banks in Europe's south have largely completed the clean-ups that once fed the bad loan bonanza and pulled in overseas investment firms such as Apollo (APO.N) , opens new tab , Cerberus, PIMCO, Elliott and Lone Star, while government support measures have helped keep companies and households on their feet. Non-performing loans (NPLs) have held at 1.8% of total bank loans in Europe for six straight quarters, official data show. In Italy, the continent's biggest market for bad debts, sales last year totalled 31 billion euros ($34 billion), a third of the 2018 peak. Back then, virtually all disposals came from banks, while more than half of the total in 2023 were re-sales. Shares i Show less Read more
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