NPLs

NPLs refers to securitisations that are structured utilising non-performing loans from either one or a collection of loan issuers. Typically involving large whole loan portfolios from distressed asset investors or non-core asset disposals from a bank, NPL securitisations are a strongly growing part of the structured credit and ABS markets. NPL structures used to date include ABS, RMBS and CLOs, though it is likely that these will broaden to CMBS and beyond in time.


  • Risk transfer round-up - 25 February

    CRT sector developments and deal news

    News    25 February 2021
  • Irish NPE portfolio offloaded

    Sector developments and company hires

    Irish NPE portfolio offloaded AIB Group is set to sell a non-performing loan portfolio in long-term...

    Market moves    22 February 2021
  • Galaxy securitisation finalised

    Alpha and Davidson Kempner sign deal

    Alpha Bank has signed a definitive agreement with Davidson Kempner with respect to its €10....

    News    22 February 2021
  • SCI Start the Week - 22 February

    A review of securitisation activity over the past seven days

    MM CLO seminar this week Join SCI on Thursday 25 February for our second Middle Market CLO seminar...

    News    22 February 2021
  • 'Unique' CLN deal readied

    Sector developments and company hires

    ‘Unique’ CLN deal readied JPMorgan Chase Bank (JPMCB) is prepping the debut CLN...

    Market moves    17 February 2021
  • Seasonal effects

    Servicer boost for Italian NPL collections

    Seasonality effects gave Italian non-performing loan collections a significant boost for the second...

    News    17 February 2021
  • SCI Start the Week - 15 February

    A review of securitisation activity over the past seven days

    Last week's stories Constructive outlook AXA Investment Managers answers SCI's questions Fly...

    News    15 February 2021
  • UKML tender offers mooted

    Sector developments and company hires

    UKML tender offers mooted Coventry Building Society subsidiary Godiva Mortgages is set to purchase...

    Market moves    12 February 2021
  • UK industrial CMBS prepped

    Sector developments and company hires

    UK industrial CMBS prepped Bank of America is in the market with a £340.1m CMBS sponsored...

    Market moves    10 February 2021
  • Special situations strategy launched

    Sector developments and company hires

    Special situations strategy launched Bardin Hill Investment Partners has announced the final clos...

    Market moves    9 February 2021
  • NPL SRT agreement inked

    Sector developments and company hires

    NPL SRT agreement inked Hoist Finance has signed a co-operation agreement with Magnetar Capital t...

    Market moves    8 February 2021
  • SCI Start the Week - 8 February

    A review of securitisation activity over the past seven days

    Last week's stories Beware the ides of March The end of mortgage forbearance schemes is ominous...

    News    8 February 2021
  • Iberian NPL ABS performance eyed

    Sector developments and company hires

    Iberian NPL ABS performance eyed The cumulative collection ratio for the DUERO 1 non-performing loa...

    Market moves    5 February 2021
  • SCI Start the Week - 1 February

    A review of securitisation activity over the past seven days

    Last week's stories 2021 STACR debut Freddie Mac prints first CRT trade of 2021 inside guidance ...

    News    1 February 2021
  • NPL pipeline builds

    European asset disposals intensify

    The European banking system’s disposal of non-performing loans intensified in 4Q20, partic...

    News    26 January 2021
  • SCI Start the Week - 25 January

    A review of securitisation activity over the past seven days

    Last week's stories CMBS sailing Stormy waters ahead and astern, but the US CMBS market has avoi...

    News    25 January 2021
  • Eviction limitations extended

    New law poses risk for Spanish asset quality

    Royal Decree-Law 37/2020, introduced last month by the Spanish government, extends the limitations o...

    News    19 January 2021
  • illimity inks NPL ABS duo

    Sector developments and company hires

    illimity inks NPL ABS duo illimity Bank has finalised two non-performing loan transactions, inclu...

    Market moves    15 January 2021
  • Capital boost

    Greek banks eye CRTs to tackle NPLs

    SCI publishes regular in-depth analysis of trends and developments across the capital relief trades...

    News Analysis    14 January 2021
  • Romanian NPE deal sealed

    Sector developments and company hires

    Romanian NPE deal sealed National Bank of Greece (NBG) has entered into an agreement with Bain Ca...

    Market moves    22 December 2020
  • Call for further improvement

    'Unambitious' NPL strategy launched

    The European Commission has published a strategy that aims to prevent a build-up of non-performing l...

    News    16 December 2020