Tuesday, February 9, 2016

Bad Loans Mounting In Italian Banks #Eurocrisis

While mounting bad loans in Italian banks is likely filed under "nobody cares until the panic strikes", it remains a real concern for Europe.

Italian banks $45 billion (euros) value destruction will force the issue soon.

Headline: Italian banks' bad loans continue to mount

MILAN--The increased levels of bad loans confronting the Italian banking system is raising investors' concerns about the health of the sector, prompting another selloff in local banking stocks on Tuesday.

According to data published Tuesday by Italy's banking lobby ABI, Italian banks' gross bad loans, measured at their face value, stood at EUR201 billion in November, 11% higher than the same period a year prior.

Gross bad loans were 10.4% of total loans in November, the highest percentage figure since 1996.



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