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Italy first for NPLs in Europe with 153 billion

21 March, Milano Finanza

The latest EU report on banking surveillance places Italy first concerning NPL stock (153 billion euro), followed by France (130 billion), Spain (95 billion) and Greece (90 billion). In 2018, the total NPLs in the Eurozone reduced to 628 billion euro. Despite that, the level of impaired loans in the European banking system is still very high compared to the international standards, requiring further efforts to consolidate the results achieved so far and to cover the risk for pre-existing and future NPLs adequately.

Source: Milano Finanza

Translator: Cristina Ambrosi

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