Sections

Bad bank decision in weeks, low public stake says Visco

Bank of Italy Governor Ignazio Visco

Redazione Ansa

(ANSA) - Rome, October 28 - Bank of Italy Governor Ignazio Visco said Wednesday that a final decision on whether to set up a bad bank to relieve Italian lenders of a huge burden of non-performing loans will be made within weeks. He added that the Italian State will have a low stake in the bad bank or no stake at all.

Visco added Wednesday that Italy's growth for 2015 may exceed expectations, with a GDP rise of up to 1%.

 He added that the risk of losing money for Italian bank account holders with over 100,000 euros in their accounts remained "low" even with the European Union's new bail-in regulations.
   

Leggi l'articolo completo su ANSA.it