On the 6th and 7th of March, several key people from Hipoges were present at the 14th edition of the NPL Europe London 2024 event organized by SmithNovak. This enriching event took place at the prestigious Pullman London St. Pancras hotel located in the center of the city of London, it featured a great variety of panels, individual conversations, as well as different optimal moments for networking with the biggest players in the market.
As one of the biggest and most diverse events in the European NPL market, the NPL Europe London 2024 features a wide variety of investors, servicers, borrowers, and advisory companies from across 28 different countries: United Kingdom, Spain, Italy, France, Greece, Portugal, Germany, Ireland, Switzerland, etc.
Over 400 people attended the event, across more than 190 specific companies in the sector, in this occasion, Hipoges participated as a sponsor with the presence of Hugo Velez, Managing Partner & Co-CEO of Hipoges, Claudio Panunzio, Managing Partner & Co-CEO of the company, Margarida Maia Chief Services Officer, Juan Ramón Prieto Global Chief Operations Officer, Pedro Valle Domingues Chief Business Development Officer and Luigi Izzo also Chief Business Development Officer.
In addition, with a total of 18 sessions, the 94 panellists debated various topics across the two days of the event. Among the panellists were Margarida Maia in the ‘Portfolio Lifecycle & The Secondary Market’ panel and Pedro Valle Domingues in the ‘Servicing’ panel.
Panels at the 14th Edition of the NPL Europe London 2024
With macroeconomic factors accelerating, central banks and the ECB are advocating for increased provisions, with transactions largely flat, but new opportunities emerging with the emergence of a large and active secondary market. With this vision and during the two days of the event, the future of the European NPL market and the different strategies were discussed in three different spaces: Shaw Theatre, Nobel Suite and Regents Park Suite.
Debates at the Shaw Theatre
- Market Update: debated the possibility of a new wave of transactions due to the increase in defaults and provisions.
- Spain: Spain continues to be an active transactions market, but will this upward trend continue through 2024?
- AI & Technology: Different options were presented where technology and the use of artificial intelligence could provide great value.
- Portfolio Lifecycle & the Secondary Market: In this debate Margarida Maia discussed, together with other sector experts about what percentage of the loans acquired in the last 6 years will be negotiated in the secondary market.
- Sell-Side: How well provisioned are the banks and will new loan defaults force a new round of transactions?
Debates at the Nobel Suite
- Buy-Side: New opportunities for buyers in 2024.
- Greece: Ways in which Servicers can take advantage of the large stock of loans.
- Private Debt: How the size and complexity of operations in the European private debt market evolves.
- Italy: A possible slowdown in the performance of NPL operations was raised and whether, consequently, we are going to see an increase in new operations in the Secondary Market.
- France: Will significant portfolio sales ever kick-off?
Debates at the Novel Suite over the second day of the event:
- South Europe: new key opportunities in the market for 2024.
- Nordics: what are the ramifications of the chaos in the Swedish real estate market.
- Servicing: together with other experts in the sector, Pedro Valle Domingues raised the types of structure of new agreements, partnerships, acquisitions and businesses that have emerged in the last year.
Debates at the Regents Park Suite
- Ireland: possibility of greater concentration of credit among fewer banks
- Portugal: the mega-deal ‘Cascais’ could reactivate the portfolio sales market
- Germany: NPLs forecast to increase by 24% by the end of 2024. Will this result in new transactions?
- CSEE (second day of the debate): new opportunities for buyers
The event was a complete success thanks to the collaboration of the entire organization, sponsors, and each and every one of the people who formed and enriched the 14th edition of the NPL Europe London 2024 event through debates and great networking moments.
Not only at the NPL Europe London 2024 organized by SmithNovak, the company is also present at other sector events and other locations.