Italy: Financial Sector Assessment Program-Technical Note-Tackling Non-Performing Assets

August 4, 2020

Preview Citation

Format: Chicago

Italy: Financial Sector Assessment Program-Technical Note-Tackling Non-Performing Assets, (USA: International Monetary Fund, 2020) accessed December 22, 2024

Summary

Banks’ asset quality has substantially improved in recent years but remains well below European peers. Non-performing loans (NPLs) fell from 16½ percent in 2015 to about 8.1 percent at end-June 2019, achieved mainly through €145 billion of private NPL sales. This is a substantial reduction by any standard, though NPLs remain well above the 3.0 percent average of the main European Union (EU) banks as of June 2019. New NPL formation has fallen to pre-crisis levels. Provisioning coverage was 52.5 percent as of June 2019, placing Italy 7.6 percentage points above the average of the main EU banks.

Subject: Banking, Collateral, Corporate insolvency, Distressed assets, Financial crises, Financial institutions, Financial sector policy and analysis, Loans, Nonperforming loans, Solvency

Keywords: Bank supervisor, Collateral, Corporate insolvency, CR, D. enterprise insolvency, Debtor company, Directors of the sign, Distressed assets, Distressed enterprise, Enterprise activity, Enterprise court, Enterprise matter, Enterprises to the court, Europe, Global, ISCR, Loans, Market value, Nonperforming loans, Solvency, Unviable firm, UTP portfolio

Publication Details

Pages:

35
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/234
Stock No:

1ITAEA2020004
ISBN:

9781513552156
ISSN:

1934-7685

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