PRESS RELEASE

Italy to launch its bank for non-performing loans

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The EU and the Italian Government have agreed to launch a bank to sell Italian banks’ non-performing loan, so as to improve the banks’ balance sheet, encouraging them to lend more. Up to €40 billion worth of NPL is forecast to be sold by banks for the first 18-month phase. Italian Real Estate is expected to benefit from a surge in foreign investment as a result.

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