Moody’s ups Italian banks’ outlook

(ANSA) – MILAN, MAR 25 – Moody’s on Thursday upgraded Italian
banks’ outlook from negative to stable saying the economy would
start growing a gain this year after the strong contraction due
to COVID-19 last year.
    The ratings agency said the Italian banking sector would benefit
from lower International Financial Reporting Standard (IFRS) provisions on losses on loans with respect to last year, although adjustments would remain high.
    It said problematic loans would rise, especially after COVID
moratoria end.
    However, continued government support in the form of guaranteed
loans, together with the continuation of the shedding of
non-performing loans (NPLs), will partially compensate for the
deterioration of the quality of assets, it said. (ANSA).


Eni plea bargains Congo graft case, pays 11 mn

22 cited in fake exam scam at Genoa uni


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.