Italy's Banks May Benefit From Possible Government Measures for Economic Recovery -- Market Talk
February 15 2021 - 5:19AM
Dow Jones News
Economic recovery will be a key task for Italy's new government
led by Mario Draghi, and the country's banks may benefit from some
possible measures to achieve this goal, Citi says. "We expect that
some measures in support of economic recovery will be key and
potentially a positive for banks," it says. "For example, this
could include a process for reduction of new [nonperforming-loans]
creation with debt restructuring/refinancing scheme for corporate
clients, exit of the moratoria process, government guarantee
lending scheme, payment initiative as well as credit to [small and
medium-size enterprises] and small business," Citi says.
(pietro.lombardi@dowjones.com; @pietrolombard10)
(END) Dow Jones Newswires
February 15, 2021 05:04 ET (10:04 GMT)
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