— Search

133 results for TAG: "NPL"

Order by: newest | oldest | relevance

  1. Markets

    Bank rescue law approved by parliament, ball now passes to lenders

    by Davide Colombo and Gianni Trovati

    IT
    24 Exclusive content for IT24

    The €20 billion bank rescue bill was voted into law on Thursday, and now the ball passes to the banks, who want to, or should, request public guarantees for liquidity measures or state intervention for precautionary recapitalization. The attention at this point is focused entirely on Monte del Paschi, which is set to receive a €6.6 billion investment from the government. It will then move to the Veneto banks, for which the CEO ...

  2. Markets

    The long tail of NPLs and the profitability challenge

    by Fabio Pavesi

    IT
    24 Exclusive content for IT24

    For Italian banks, at a level of balance sheet results, the hands of the clock have turned back dramatically to an era that had seemed definitively behind us. Last year saw a steep decline in net profitability. Losses of nearly €15 billion accumulated by major banks wiped out, in one fell swoop, a profit increase (that proved to be ephemeral) in 2015, when the banking sector managed to turn in a profit of nearly €6 ...

  3. Markets

    Balance sheet cleanups cost Italian banks €14.8 billion in losses last year

    by Marco Ferrando

    IT
    24 Exclusive content for IT24

    Each of Italy’s big banks has apparently had a good reason to clean up its loan portfolios in the final months of 2016: UniCredit because of the capital increase, Banca Monte dei Paschi di Siena because of the imminent state bailout, Banco BPM because of its merger, and UBI Banca so it to take over the “good banks” resulting from the rescue of four regional lenders at the end of 2015. Italian banks had an extraordinary 2016, when ...

  4. Markets

    Full-year Italian bank earnings show bad loans have stopped growing

    by Alessandro Graziani

    IT
    24 Exclusive content for IT24

    The “cargo hold” of the Italian banking fleet remains flooded by non-performing loans (NPLs) but is no longer taking in water. The flow of fresh impaired loans is returning on average to pre-crisis levels, as shown by the 2016 results being approved by Italy’s largest banks. Two years of timid recovery, after the slowdown of the previous years, were enough to stop the flows of new non-performing loans ...

  5. Markets

    Market instability has reduced the weight of Italian banks' core shareholders

    by Marco Ferrando

    IT
    24 Exclusive content for IT24

    Governance. Low interest rates, rules in continuous flux, extreme volatility. At banks, short-term shareholders now have the upper hand as instability has reduced the weight of the long-term investors that used to control the Italian banking system. “Between regulatory uncertainties and their increasingly difficult situation, banks, at this point, are only fit for hedge funds. Or for institutions more interested in ...