ROME: Non-performing loans at Italian banks totalled 187.3 billion euros ($201 billion) in February, up 15.3 percent from a year earlier, central bank data showed, highlighting fallout from Italy’s worst economic slump since World War 2.
Loans least likely to be repaid, or “sofferenze”, were up 15.4 percent in January at 185.5 billion euros.
Bank lending to non-financial companies, which has been falling since May 2012, dropped 3 percent in February, the Bank of Italy said.
Italy must improve its capital markets to help underperforming companies access funding for investment and growth, while giving investors means...
BERLIN/PARIS (Reuters) - Consumer morale in Germany, France and Italy rose unexpectedly at the start of the year, data showed...
ROME: A senior Bank of Italy official warned that a number of smaller banks, especially in the country’s disadvantaged south,...
ROME: Italy will cut its target for economic growth next year to around 0.6%, three sources close to the matter...
