The stock of bad loans held by Italian banks fell by a record amount in July, in a sign that Italy’s struggling financial sector is starting to benefit from stronger economic growth and greater investor interest
Source: Financial Times – The total volume of bad debts shrank by €18bn, or nearly 10 per cent compared with the previous month, to €173bn, the largest decrease since the Bank of Italy started to record data in 1998. The stock of bad loans is now at its lowest level since 2014. Italy’s stock of non-performing loans has weighed on banks over recent years, making it more difficult for them to extend new credit to customers. This has held back the country’s economic recovery, prompting concerns from domestic and European policymakers
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