Session 3 of the Credit Management event will be dedicated to the topic of digital transformation, social sustainability and will investigate the profound transformation process that the credit industry market is going through in order to adapt to new market requirements. Among the panelists at this Round Table will be Gabriella Breno, CEO Prelios Innovation.
Looking forward to 1 December, we have collected a short statement from her which we share with you.
What are your predictions regarding the re-trade of NPE portfolios on the secondary market. Do you foresee an increase in GBV and the number of transactions? What share of transactions will be completed with fully digital processes on market places in the coming years?
"Considering the expected increase in NPEs of around EUR 80bn over the next three years and the disposals of over EUR 250bn that have taken place over the last five years, sales of impaired loans will continue to be a viable recovery strategy.
At the moment, the largest number of transactions on BlinkS, the marketplace developed by the Prelios Group, relates to disposals made by banking institutions, i.e. on the primary market, and this is surprising given the general views on the usefulness of marketplaces, which are seen as mainly related to the secondary market. This was possible thanks to framework agreements with major banking groups. Our expectations, however, are for further development of the secondary market as well, aimed at favouring specialised operators capable of better exploiting credit thanks to their sector/territory knowledge.
On the other hand, it is difficult to estimate the proportion of transactions that will be completed with fully digital processes, but certainly the cultural change is underway and expectations of greater digitalisation are high in the coming years."
