Italy Banks and Balance Sheets

Italy: And perhaps they'll also catch up on the state of Italy banking system, according to Deutsche Welle. It been known for years that Italy banks are carrying a lot of dead wood on their balance sheets. They'll have had much to discuss: European refugee policies, the Syrian war, relations with Russia. The ratio of non-performing loans as a proportion of banks' loan books was recently estimated at 17.5 percent for the banking system as a whole. As of 2015, two percent of the loans on the books of German banks were classed as impaired; France number was four, and Spain seven percent, according to Royal Bank of Scotland estimates. The level of bad loans burdening Italy bank balance sheets is much higher than in other major European countries. (news.financializer.com). As reported in the news.