Great to see NPL Markets' insight on the outlook for UK non performing loans being shared in a Daily Telegraph comment, "Get Ready for the weirdest recession in history" by Jeremy Warner published last week.
NPL Markets outlook for UK NPLs likely to peak around 2 percent
By Burkhard Heppe
Chief Technology Officer
Published Monday 5 December, 2022
Burkhard Heppe's latest views on the UK non performing loan market are included in the article alongside comments from Charlie Niunn, CEO of Lloyds and the Bank of England. Burkhard anticipates UK NPLs are likely to peak at little more than 2pc of the total UK credit market. However, he suggests there are perfectly plausible scenarios, where you could expect much higher levels of default, rising to perhaps as much as the 4pc seen during the financial crisis. In such a scenario, inflation would stay high for longer than currently anticipated, unemployment would rise sharply, and the concerns of those predicting an outright UK house price crash would be proved correct.
Read the full reference articles:
NPL Markets advises Unicredit on a EUR 90 Mln NPL Unsecured Porfolio Disposal and on up to EUR 460 Mln Forward Flow agreement for 2023/24
Thursday 22 December, 2022
Final Draft Implementing Technical Standards from EBA for NPL Transaction Data Templates
Monday 19 December, 2022
Mandatory data requirements in the new EBA NPL data templates could deter European banks from selling NPLs
Tuesday 9 August, 2022
NPL Markets and International Finance Corporation (IFC) sign a Collaboration Agreement in South America
Friday 29 July, 2022
Training Seminar on "Seeking New Mechanism Addressing an Upsurge of Nonperforming Loans in post-Covid 19 Era"
Tuesday 14 June, 2022