Italy eyes tighter terms in bad loan scheme extension - Reuters News Agency
Economy

Italy eyes tighter terms in bad loan scheme extension

Reuters revealed that Italy is considering tightening a state guarantee scheme designed to help banks shed bad debts while weighing its extension to cushion the hit from the Ukraine war and the pandemic. Since its 2016 launch, the ‘GACS’ scheme has helped Italian banks offload 96 billion euros in bad debts by softening the hit from the disposals to their earnings.

Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: Economy & Policy
Regions: Europe
Countries: Italy
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Italy, bad loan
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