Visco calls for ‘block disposal’ of impaired assets
Italian banks were among those hardest hit by ECB’s comprehensive assessment
The entire Italian banking system needs to "get to grips with the large stock of non-performing loans (NPLs)" in part through "block disposals of impaired assets", according to Bank of Italy governor Ignazio Visco.
The European Central Bank (ECB) uncovered an additional €136 billion worth of NPLs in its asset quality review, the results of which were announced on October 26.
A few days later, on October 31, Visco delivered a speech at the Association of Italian Savings Banks lamenting the
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