Standard & Poor’s: the recovery in 2016 will boost Italian – Il Sole 24 Ore

History Article

Close

This article was published on 29 January 2016 at 21:04.
The last change is the January 29, 2016 at 21:24.

“We expect that in Italy the economic recovery will accelerate in 2016″. Writes Standard & amp; Poor’s in a report dedicated to the Italian banking sector. A few days ago, in presenting its outlook for Italy in 2016, the rating agency’s chief economist Jean-Michel Six had anticipated that 2016 “will be the turning point for Italy,” after which in 2015 is “finally” returned to growth.

The report today track, in particular, a framework on banks and, for the majority of institutions, the outlook for the S & amp; P remains “stable”. “The Italian banking system – says the report, entitled” Economic recovery and government measures offer opportunities to Italian banks, but not an instant cure “- will benefit from a stronger economy, particularly in terms of asset quality and profitability, but we expect only gradual improvements. The operating performance of banks will remain moderate. ”

Standard & amp; Poor’s therefore is optimistic about the prospects of the beautiful country, reinforcing the belief of Pier Carlo Padoan on the fact that 2016 will be a “turning point.”

The rating agency however does not expect Italian banks bounce back “quickly” by the recession “despite a strengthening economy and the new measures adopted by the government to support them.” According to S & amp; P are three “weaknesses” that arise for Italian banks: “They have accumulated a large stock of non-performing loans,” suffer from structural rigidities and low efficiency, and are very fragmented and therefore difficulties in achieving economies of scale . With the reform of the popular, is coming by S & amp; P a phase of “consolidation among regional and local banks,” and in 2016 the authorities should be able to sell the four ‘good bank’. The strengthening economic recovery “will do well” to the banking sector – writes the rating agency – especially in terms of asset quality and ability to generate profits, even if only gradually. And insurance (Gacs) launched by the government to facilitate the disposal of bad debts, “even if positive, will hardly clean up quickly budgets.” For this reason, most “of our outlook (on the ratings of banks, ed) remains stable,” concluded S & amp; P.

© ALL RIGHTS RESERVED

Permalink

“+” “+”

“+ last +” | “Datalunga + +” “+ time +” | real time

“);} else {$ (‘.finanza-right-art .GraficiAndamento’). append (” “+” “+”

“+ last +” | “+ datalunga +” “+ time +”

“);} $ (‘.finanza-right-art .TabellaDati’). append (”

”
 + “” + name + “

”
 + “” + last + “

”
 + “” + a + change + “

”
 + “” + time + “

”
 + ““); }}); $ (‘.finanza-Right-art .TabellaDati’). Trigger (‘dataloaded’); }, DataType: “json”, error: function (XHR, status, error) {console.log (status + “” + error); }});