Lunedì, 22 Ottobre 2018

Italian bad loans reach record of 133 bn euros in April


Rome, June 18 - The value of bad loans in
recession-hit Italy reached record levels in April, as gross
non-performing loans surpassed 133 billion euros, banking
association ABI revealed on Tuesday.
The April figure is two billion euros more than in March,
and up 22.3% on the year.
Net non-performing loans reached 66.4 billion euros in
April, a 2.2 billion increase over the month before and a 32.9%
rise since April 2012, the association said.
ABI also warned that loan risk remained high.
Meanwhile, bank loans were down for the 13th consecutive
Financing for household and non-financial businesses fell
to 1.455 trillion euros in May, down 3.1% from April.
Total loans, including those to financial companies, slid
for the tenth month in a row to 1.893 trillion, losing 2.2% on
the month.

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