ABI, Cerved say Italian bad loan growth slowed in 2016

Italy 230x150
By David Bell
11 Jan 2017

A report from the Italian banking association ABI and credit management company Cerved said on Wednesday that growth in bad Italian business loans slowed in 2016, although the southern region showed no sign of improvement.

The report said that banks reclassified €12bn of business loans as “bad” between January and June last year, which was 18% less than the €15bn seen in the same period in 2015. The overall new bad loan rate in June 2016 was 3.9%, compared with 4.4% in the ...

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