Italian banks’ macro cycle “still weak” – Bank of Italy report

The Bank of Italy

Italian banks are improving, but the country's "macro-financial cycle" is "still weak", the Bank of Italy says in its latest six-monthly financial stability report.

The default rate for Italian bank loans had "fallen to its lowest level since 2008", says the report, published on November 18. Default figures are also expected to decline next year as economic growth continues, it adds. Italian banks' stock of non-performing loans had also diminished, while their coverage of bad loans had improved

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