Italy’s financial sector is still plagued by non-performing loans, and impairment charges and provisions are now hitting profits. Danielle Myles reports.
Western Europe
Latest articles from Italy
Italy makes its NPL move
July 1, 2016Italian banks are struggling to manage their non-performing loans. Can government measures such as reforms to the financial sector, a revamp of bankruptcy laws and a new fund that invests in NPLs help? Stefanie Linhardt investigates.
Italian private banks get a makeover to win asset-rich clients
February 1, 2016Low interest rates and global market volatility are encouraging Italians to demand better returns from their private banks. How are wealth managers responding? Silvia Pavoni reports.
Resilience, reform, confidence: the rise of a recovering Italy
January 4, 2016Italy has weathered a severe economic storm over the past few years but, with the help of foreign investment, the country is now on track to regain its strength and competitiveness, writes Fabio Gallia, CEO of Cassa Depositi e Prestiti.
Banca IMI, the master of Italian risk, seeks global appeal
December 1, 2015Massimo Mocio says the pull-back of international players from Italy has provided Banca IMI with a stronger domestic base from which to compete.
Carlo Messina: turning Intesa Sanpaolo around
October 1, 2015After reporting the bank’s best half-year results, Intesa Sanpaolo’s chief executive Carlo Messina is upbeat about its future in Italy, thanks to booming wealth management and life insurance businesses, and growth opportunities in some of its central and eastern European subsidiaries.
Europe needs a proportionate rethink on bank regulation
August 24, 2015EU bank regulation should be applied consistently on a proportionate basis that reflects the size and business model of the banks being regulated.
Fineco leading Italy's wealth management revolution
August 3, 2015Italy's traditionally high savings rates and increasing demand for asset management are playing into the hands of domestic direct bank Fineco. Its CEO, Alessandro Foti, tells Stefanie Linhardt about his company's recent successes in the retail and private wealth management markets.
Provisioning in Italian banks: not quick enough
June 9, 2015While non-performing loans in Italy are at the historical peak, provisioning coverage is not.
Why Europe needs a Comprehensive Assessment
October 1, 2014The European – and indeed global – economy is facing a crucial six months. Central to this is the European Central Bank's Comprehensive Assessment, which will go a long way to boosting confidence within the EU.