The International Monetary Fund called for action over concerns relating to the bail-in of retail investors in Italy, noting that “very high” amounts of non-performing loans and slow judicial processes were straining bank balance sheets.
Financial industry reforms “are critical to entrench financial stability and support the recovery,” the IMF said in a statement following its regular review of the Italian economy. The Washington-based fund said that NPLs appeared to be stabilizing at around 18 percent of total loans.
Source: IMF Urges Action on Italy’s Retail Investors’ Bank Bail-In – Bloomberg
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