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In Italy, one debtor every ten doesn’t repay bank loans

11 June, Repubblica

Italy is not Greece or Cyprus, where 40% of the people don’t honour their debts, but the country is worse than Bulgaria, Slovenia and Romania. In Italy, banks have 11% chance not to see their loaned money back, as 11 loans every 100 become non-performing loans, namely those loans for which debtors don’t manage to repay nor pay the related interests. This percentage is 3.1% in France and 1.9% in Germany.

The leading Italian banks follow the same trend, with figures worse than the other European banks. Banca Intesa is at the bottom of the chart with an NPL ratio equal to 11.9%, followed by Unicredit (10.2%). Commerzbank is at the third last place, even though with the NPL ratio half that of the Italian banks (6%).

Source: Repubblica

Translator: Cristina Ambrosi