MPS seems to get back on track with the help of the EU and the market (tough time for its investors.. the xth capital raise !).
However it seems that its non-performing loans portfolio (NPL) got the interest of some large investors (Fortress...) fighting to buy it (€30 billion gross NPL, net value unknown yet...).
After the ECB released last March its guidance on NPL, a good NPL strategy should have some hold, cure and maximum recovery options in order to have a nice ROI for its investors ! 🙌😎
At least MPS will clean its balance sheet by removing these non-performing exposures... (see article link below)
https://www.bloomberg.com/news/articles/2017-06-01/eu-and-italy-accord-puts-paschi-on-track-for-recapitalization
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