The size of bad loans continues to
rise in Italy, reaching nearly 185.5 billion euros in January
compared with 183.7 billion euros in December, the Italian
Banking Association (ABI) said Monday. It said that the length
of time for debt recovery was also stretching, averaging seven
year with a peak of 20 years in Messina. Problems with the
rising value of bad loans are weighing on Italian banks and have
been blamed for a slowdown in credit from institutions.
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