CDSP European NPL: Dutch market shows fastest rise in NPL deals

The Dutch market could replace the UK for many investors looking to acquire non-performing loans (NPL) following the repercussions of Brexit

CDSP European NPL: Dutch market shows fastest rise in NPL deals

This forward looking statement was revealed by Tony Ward, chief executive of Clayton Euro Risk, at the CDSP:NPL conference – the day Article 50 was triggered.

According to data from PwC, it was revealed at the conference that the sales of non-performing loans (NPL) and portfolios in the UK have decreased by more than 50 percent from 2015 to 2016 following the effects of Brexit.

In contrast, Ward’s presentation showed that the Netherlands showed the fastest acceleration of NPL transactions of any European country during 2016. His presentation also revealed that Holland currently has €650bn of outstanding mortgages, which is set to increase to around €850bn.

During the day non-performing loan (NPL) practitioners at Europe’s largest banks, including Santander, Bankia, BNP Paribas and Iccrea Banca, were due to share their insight and plans.

The conference programme reflects UK firms’ participation and expansion into the European NPL market.

Recent annual results from some of the largest UK-based purchasers of NPLs, including and showed that more than 50 percent of their investments were made in Europe last year.

The agenda also reflects the prevalence of NPL transactions across European countries, and in the case of Italy and to an extent Greece, where markets are poised for increased activity.

In recent months one of the active buyers in Spain has been European credit management firm Axactor, which acquired another unsecured NPL portfolio originally generated by Unicaja Banco and España Duero – two large Spanish banks.

The CDSP European NPL conference is part of Credit Strategy’s Credit Week which has already hosted a Parliamentary Reception at the House of Commons and will continue to host a series of networking events, dinners and its biggest conference, the Credit Summit, tomorrow.