Italian Banking Association (ABI)
chief Giovanni Sabatini said Monday Italy's banks can handle the
effects of the Brexit better than lenders in other countries.
"Unlike in other countries, Italian banks have the capacity
and the potential to handle this crisis on their own," Sabatini
said on the sidelines of a conference on possible government
intervention to shore up Italy's lenders in the wake of last
week's Brexit referendum.
"(Our) banks' fundamentals have been recognized both
domestically and abroad as far as solidity, capital ratios and
liquidity, - and they are dealing with the non-performing loan
problem," he said.
Sabatini said ABI's primary objective is to promote growth,
which has been held back by regulatory uncertainty and too many
rules that stop banks from financing businesses and families.
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