Luke Trogni MILAN, March 11 (Reuters) – For the Italian banking system to new measures of Mario Draghi 270 billion euro stimulus mean that you can receive for free and in perspective even being paid, and if the economy accelerates, less suffering. For loan companies in major difficulties’, as Monte dei Paschi and Banca Carige, the ECB recipe will continue to heal the wounds inflicted by the disaffection of investors and of the account. One of the new ECB box tools is the ability to to receive cash in the long term from next June and on a quarterly basis until March 2017 at zero interest and, in the making, even negative. according to the rules set out yesterday from Frankfurt, for the Italian system are put on the plate about 270 billion, or 30% of loans to businesses and households in place last January 31 (about 320 billion of total 1,060) net of 50 billion received from banks in the two very long-term operations in Frankfurt in 2014. Italian banks to come before these new opportunities with a reassuring situation at the system level on the side of deposits. but there are also lenders, including Carige and MPS, the terms of which, according to sources, have prompted the ECB to monitor the levels of liquidity on a daily basis. resulted among weaker for the balance sheet in the analysis performed by the ECB on the health of major European banks in 2014, the two banks are perceived by the market still fragile and have suffered more than others from the Caporetto of the beginning of the year Bags. the major loss in equity prices and the fear that the obligations of the two institutions may lose value in the event a rescue, as was the case for the four banks go on resolution last year, have made it more difficult to collect for Siena and Genoa. More …
Friday, March 11, 2016
ECONOMIC-Draghi holds out his hand to the weaker Italian banks – Reuters Italy
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment