Italy banks better equipped for Brexit

(ANSA) - Rome, June 27 - 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.