The net amount of non-performing
loans (NPLs) in the Italian banking system dipped below 60
billion euros in January, the Italian Banking Association (ABI)
said Tuesday.
The NPLs fell to 59.3 billion from 64.1 billion the previous
month, ABI said.
They were "strongly down, by 27.5 billion euros, compared to
December 2016," ABI said.
There has been a 30% fall in NPLs, a big source of the
system's recent woes, over the last 13 months, the association
said.
They peaked at 88.8 billion in November 2015 and have now
dropped by almost 30 billion, it said.
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