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Italy: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper analyzes the conditions under which Italian banks can earn sufficient profits to grow out of their asset quality problems, rebuild capital buffers, and finance the real economy. A bottom-up analysis of the 15 largest Italian banks suggests that restoring sustainable profitability depends heavily on the growth outlook. Many banks are expected to become more profitable as the economy recovers, but their capacity to lend depends on the size of their capital buffers. However, a number of smaller banks face substantial profitability pressures, highlighting the need to reduce the large stock of nonperforming loans and for further cost cutting and efficiency gains.

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  • International Monetary Fund, 2016. "Italy: Selected Issues," IMF Staff Country Reports 2016/223, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2016/223
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    Cited by:

    1. Andreas Jobst & Ms. Huidan Huidan Lin, 2016. "Negative Interest Rate Policy (NIRP): Implications for Monetary Transmission and Bank Profitability in the Euro Area," IMF Working Papers 2016/172, International Monetary Fund.
    2. Jose M Garrido & Emanuel Kopp & Miss Anke Weber, 2016. "Cleaning-up Bank Balance Sheets: Economic, Legal, and Supervisory Measures for Italy," IMF Working Papers 2016/135, International Monetary Fund.
    3. Mohaddes, Kamiar & Raissi, Mehdi & Weber, Anke, 2017. "Can Italy grow out of its NPL overhang? A panel threshold analysis," Economics Letters, Elsevier, vol. 159(C), pages 185-189.
    4. Dino Pinelli & Roberta Torre & Lucianajulia Pace & Laura Cassio & Alfonso Arpaia, 2017. "The Recent Reform of the Labour Market in Italy: A Review," European Economy - Discussion Papers 072, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    5. Mr. Alvar Kangur, 2018. "Competitiveness and Wage Bargaining Reform in Italy," IMF Working Papers 2018/061, International Monetary Fund.
    6. Andreas Jobst & Miss Anke Weber, 2016. "Profitability and Balance Sheet Repair of Italian Banks," IMF Working Papers 2016/175, International Monetary Fund.
    7. Jose M Garrido, 2016. "Insolvency and Enforcement Reforms in Italy," IMF Working Papers 2016/134, International Monetary Fund.

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