Bankitalia says economic crisis weighing on Italy's banks
Bank profitability hurt by high credit risk, rising tax levels
19 November, 18:34
(ANSA) - Rome, November 19 - The economic crisis has cut
deeply into the profits of Italian banks, the country's central
bank warned Monday.Ignazio Visco said that Italian banks are being hurt by low demand for credit, high levels of risk, and rising taxation.
This adds to the necessity of banks continuing plans for restructuring, he said.
The central bank released a report on the stability of Italian financial services corporations on Monday.
