NPL partnership inked

Pic© James Petts

Category: NPLs ABS

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Intesa Sanpaolo and Intrum have agreed to form a strategic partnership in respect of non-performing loans. The agreement involves two transactions, including what is expected to be a landmark securitisation for the Italian market.

Under the partnership, the Italian NPL platforms of Intesa Sanpaolo and Intrum will be integrated to create a servicer with around €40bn of assets serviced and a 10-year contract to service Intesa Sanpaolo’s sofferenze portfolios.

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