Italy Banks Cut Soured Loans, Amount Still Most in Europe: Chart

Italian banks’ gross non-performing loans, blamed for many of the woes of the country’s financial industry, dipped 1.1 percent to 351 billion euros ($394 billion) at the end of March 2016, for the second quarterly reduction in a row. By comparison, non-performing loans held by German banks shot up by 40 billion euros or almost 39 percent in March. That pushed the German non-performing loans rate to 2.8 percent, compared to all lending, while Italy was at 16.1 percent with Europe’s highest total amount.

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