{"id":14920,"date":"2026-04-07T08:27:13","date_gmt":"2026-04-07T03:27:13","guid":{"rendered":"https:\/\/fpl.kz\/?page_id=14920"},"modified":"2026-04-07T09:39:58","modified_gmt":"2026-04-07T04:39:58","slug":"italy-exp-en","status":"publish","type":"page","link":"https:\/\/fpl.kz\/?page_id=14920&lang=en","title":{"rendered":"italy-exp-en"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"14920\" class=\"elementor elementor-14920\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6019707 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"6019707\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f5e456d elementor-widget elementor-widget-heading\" data-id=\"f5e456d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Italy<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fc5dde7 elementor-widget elementor-widget-text-editor\" data-id=\"fc5dde7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><em>Italy is one of the most developed NPL markets in the world, having undergone a profound transformation since the 2010s crisis.<\/em><\/strong><\/p><h3>Key Indicators<\/h3><ul><li>NPL Rate: ~2.6\u20132.7% (2025)<\/li><li>Peak: 17.1% (2015)<\/li><li>EU NPE Market Size: \u20ac373 billion (2025)<\/li><li>Deal Volume: ~\u20ac17 billion\/year<\/li><li>Recovery Rate: 45\u201350%<\/li><\/ul><h3>Dynamics<\/h3><p>2015 \u2014 17%<br \/>2018 \u2014 ~10%<br \/>2021 \u2014 ~5%<br \/>2025 \u2014 ~2.7%<\/p><h3>Institutional Model<\/h3><p><strong><em>Italy uses a market model:<\/em><\/strong><\/p><ul><li>State-owned GACS scheme<\/li><li>Developed investor market<\/li><li>NPL securitization<\/li><li>Active secondary market (&gt;50%)<\/li><\/ul><h3>Current Trends<\/h3><ul><li>Growth of NPLs in the corporate sector<\/li><li>Real estate risks<\/li><li>Secondary market growth<\/li><li>Economic slowdown (~0.8\u20131% GDP growth)<\/li><\/ul><h3>Key success factors<\/h3><ul><li>developed legal system<\/li><li>standardized transactions<\/li><li>intense investor competition<\/li><li>market transparency<\/li><\/ul><h3>Conclusion<\/h3><p>Italy is a benchmark for the NPL market model::<\/p><ul><li>efficient balance sheet cleanup<\/li><li>developed infrastructure<\/li><li>high liquidity<\/li><\/ul><p><strong>Model: market-based resolution<\/strong><\/p><p><a href=\"\/wp-content\/uploads\/2025\/02\/italy-experience-en.pdf\">Previously published information<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Italy Italy is one of the most developed NPL markets in the world, having undergone a profound transformation since the 2010s crisis. Key Indicators NPL Rate: ~2.6\u20132.7% (2025) Peak: 17.1% (2015) EU NPE Market Size: \u20ac373 billion (2025) Deal Volume: ~\u20ac17 billion\/year Recovery Rate: 45\u201350% Dynamics 2015 \u2014 17%2018 \u2014 ~10%2021 \u2014 ~5%2025 \u2014 ~2.7% Institutional Model Italy uses a market model: State-owned GACS scheme Developed investor market NPL securitization Active secondary market (&gt;50%) Current Trends Growth of NPLs in the corporate sector Real estate risks Secondary market growth Economic slowdown (~0.8\u20131% GDP growth) Key success factors developed legal system standardized transactions intense investor competition market transparency Conclusion Italy is a benchmark for the NPL market model:: efficient balance sheet cleanup developed infrastructure high liquidity Model: market-based resolution Previously published information<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"content-type":"","footnotes":""},"class_list":["post-14920","page","type-page","status-publish","hentry"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>italy-exp-en - \u0410\u041e &quot;\u0424\u043e\u043d\u0434 \u043f\u0440\u043e\u0431\u043b\u0435\u043c\u043d\u044b\u0445 \u043a\u0440\u0435\u0434\u0438\u0442\u043e\u0432&quot;<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fpl.kz\/?page_id=14920&lang=en\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"italy-exp-en - \u0410\u041e &quot;\u0424\u043e\u043d\u0434 \u043f\u0440\u043e\u0431\u043b\u0435\u043c\u043d\u044b\u0445 \u043a\u0440\u0435\u0434\u0438\u0442\u043e\u0432&quot;\" \/>\n<meta property=\"og:description\" content=\"Italy Italy is one of the most developed NPL markets in the world, having undergone a profound transformation since the 2010s crisis. Key Indicators NPL Rate: ~2.6\u20132.7% (2025) Peak: 17.1% (2015) EU NPE Market Size: \u20ac373 billion (2025) Deal Volume: ~\u20ac17 billion\/year Recovery Rate: 45\u201350% Dynamics 2015 \u2014 17%2018 \u2014 ~10%2021 \u2014 ~5%2025 \u2014 ~2.7% Institutional Model Italy uses a market model: State-owned GACS scheme Developed investor market NPL securitization Active secondary market (&gt;50%) Current Trends Growth of NPLs in the corporate sector Real estate risks Secondary market growth Economic slowdown (~0.8\u20131% GDP growth) Key success factors developed legal system standardized transactions intense investor competition market transparency Conclusion Italy is a benchmark for the NPL market model:: efficient balance sheet cleanup developed infrastructure high liquidity Model: market-based resolution Previously published information\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fpl.kz\/?page_id=14920&amp;lang=en\" \/>\n<meta property=\"og:site_name\" content=\"\u0410\u041e &quot;\u0424\u043e\u043d\u0434 \u043f\u0440\u043e\u0431\u043b\u0435\u043c\u043d\u044b\u0445 \u043a\u0440\u0435\u0434\u0438\u0442\u043e\u0432&quot;\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-07T04:39:58+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 \u043c\u0438\u043d\u0443\u0442\u0430\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fpl.kz\/?page_id=14920&lang=en\",\"url\":\"https:\/\/fpl.kz\/?page_id=14920&lang=en\",\"name\":\"italy-exp-en - 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\u0410\u041e &quot;\u0424\u043e\u043d\u0434 \u043f\u0440\u043e\u0431\u043b\u0435\u043c\u043d\u044b\u0445 \u043a\u0440\u0435\u0434\u0438\u0442\u043e\u0432&quot;","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fpl.kz\/?page_id=14920&lang=en","og_locale":"ru_RU","og_type":"article","og_title":"italy-exp-en - \u0410\u041e &quot;\u0424\u043e\u043d\u0434 \u043f\u0440\u043e\u0431\u043b\u0435\u043c\u043d\u044b\u0445 \u043a\u0440\u0435\u0434\u0438\u0442\u043e\u0432&quot;","og_description":"Italy Italy is one of the most developed NPL markets in the world, having undergone a profound transformation since the 2010s crisis. 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