ROME: Italy will adopt a measure to allow its banks to spread over five years the payment of additional contributions into a depositor protection fund used last year to save four small lenders, a government source said on Tuesday. The measure will be included in an emergency fiscal decree connected to the 2017 budget currently before parliament, the source said.
Italy’s banking association had expressed concern that if the extra contributions had to be paid in a single year it would have caused problems for the balance sheets of the country’s healthy banks.
