Italy has highest NPL volume in eurozone

Font: Ansa.Eng

ECB oversight official at Senate hearing

Rome, May 3 - Italy has the highest volume of non-performing loans (NPLs) in the eurozone, European Central Bank (ECB) oversight board member Ignazio Angeloni told the Senate Tuesday. Deteriorated loans held by "significant Italian banks" amounted to 274 billion euros at the end of 2015, and the total including those held by smaller banks reached 360 billion euros, he said. "In nominal terms, Italy's NPL volume is the highest among eurozone countries by far," Angeloni said. "A mitigating factor is that the NPLs are partially covered by guarantees, which potentially offer an additional security margin...(however) this margin only exists if the guarantees can be speedily realized and liquidated - which happens a lot less in Italy than in other European countries".

Condividi questo articolo