money

Collection boost?

Category: ABS NPLs


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NPL sales increase pending amid uncertain timing

European non-performing loan sales are expected to receive a boost this year, due to higher unemployment and the impact of reduced government support measures on corporates. However, the timing remains uncertain and large-scale sales could be delayed to 2022 in a downside scenario.

According to Fitch, following the initial impact of the pandemic in 2Q20 and to some extent 3Q20, the collection performance of Europe-focused debt collectors improved but any recovery remains uneven and fragile.

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