Some key takeaways from the SmithNovak NPL Europe Summit, which took place in London on 6-7 March, where I was honored to moderate the NORDICS Panel:
*Nordics, which includes Sweden, Finland, Norway, and Denmark, is generally
managed as an integrated market, although each jurisdiction has certain unique commercial and legal characteristics.
*Nordics largely focuses on unsecured consumer debt, with a historical IRR of 15-20%.
*Nordics has a relatively small yet steady pipeline, with portfolio sizes averaging
EUR 50mn. However, there was a 2023 secondary portfolio sale of EUR 700mn and Denmark has introduced a securitization regime, which is likely to increase the portfolio sizes.
*Nordics is heavily investing in AI, digitalization and other efficiency optimizing
technologies.
Tack så mycket to the very professional team at SmithNovak and the very lively and knowledgeable NORDIC panel experts: Mattias Vestman, Susanna Norum Lanz, Arnaud Delabre, CFA, Anmol Juneja, CFA, Hans Christian Møller, and Markus af Ugglas Åberg!
#npls #loanrestructuring #loansales #REO #mergersandacquisitions
Director, Private Credit at Federated Hermes
2wIt was a pleasure working with you and your team on this transaction!