Italian Banks’ Non-Performing Loans Rose to EU99 Billion in July
By Sonia Sirletti -
2011-09-21T13:00:00Z
Italian lenders’ non-performing loans rose 1.3 percent in July from June, the country’s banking association ABI said.
Non-performing loans increased to 99 billion euros ($135 billion), ABI said in an e-mailed statement today. Impairments, excluding writedowns, rose to 53.5 billion euros, according to the report.
To contact the reporter on this story: Sonia Sirletti in Milan at ssirletti@bloomberg.net
To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net
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