国际英语资讯:Non-performing loans in Italy to remain at pre-crisis level in 2020-2021: Outlook_时事

国际英语资讯:Non-performing loans in Italy to remain at pre-crisis level in 2020-2021: Outlook

More specifically, the overall loans deterioration rate dropped to 3.1 percent in Q1 and to 2.9 percent in Q2 this year, against 3.3 percent and 3.4 percent in the same periods of 2018, respectively.

Such improvement was registered all across the country, although a significant difference remained between the best performing regions in the northeast (2.3 percent) and the worst performing ones in the south (4.4 percent).

Analyzing the 2019 trend also by sectors, ABI-Cerved highlighted that construction kept improving its stock of NPLs, yet it remained "the most risky sector, and the only one not yet reaching NPLs pre-crisis levels."

However, construction was also the sector in which deterioration rates were decreasing fastest, the report noted, "from 4.7 percent in 2018 to 4.3 percent in 2019, thus confirming a positive trend ongoing since 2017, when it had reached a peak of 11 percent."

On the other hand, manufacturing interrupted a five-year positive decline in 2019, rising to 2.5 percent from 2.4 percent in the previous year, and yet remaining far from the pre-crisis levels (3.3 percent) and the 2017 peak (5.9 percent)."

"The problem of the stock of NPLs in the banks' balance sheets is being solved, after the tough years of (global financial) crisis," Cerved chief executive officer Andrea Mignanelli said.

That the forecast indicated a slight rise in new NPLs was not considered as worrying for the banking sector, he added, because it reflected a stagnation of the Italian economy.