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SNL Financial Report: Italy eyes €100B bad bank solution to NPL woes

Italian banks’ nonperforming loans represent one of the key challenges to the country’s weak recovery. The Bank of Italy has suggested a €100 billion bad bank.

Excerpt: Nonperforming loans remain a critical problem for Italy and Europe.

The Italian government continues to press for a bad bank solution, which the Bank of Italy suggested in its July stability report might contain €100 billion in sofferenze, the worst level of bad debt. According to the ECB, there are €1 trillion worth of NPLs in Europe, most of which are held in the peripheral states of Cyprus, Greece, Spain, Portugal and Italy. Equivalent to 9% of eurozone GDP, the volume is a major drag on lending, investment and growth.

Italy had €350 billion of NPLs in 2014 and €197 billion of sofferenze, according to the central bank, which noted that these figures continue to rise. SNL Financial data for 13 Italian lenders shows an aggregate €275.6 billion in NPLs as of the end of June.

Next Finance , September 2015

See online : Full Report

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SNL Financial Report: Italy eyes €100B bad bank solution to NPL woes

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