European Nonperforming Loan Securitisations: Steady Supply but Uncertain Outlook on Performance Post-COVID-19

European nonperforming loan (NPL) securitisations have gone from a niche product to a pan-European solution to support the divestment of NPLs from banks and offer access to distress investments for investors. In 2019, there was a steady supply of new transactions across new and diverse regions in Europe. Following this, the NPL sector continues to develop into a stable asset class that can help to support the financial markets in Europe.