In Italy, as well as in Portugal and Spain, “there is a high number of branches or staff relative to bank assets”. The International Monetary Fund supports it in its Global Financial Stability Report (Gfsr), the report drawn up as part of the spring work underway in Washington. In it, the institute led by Christine Lagarde adds that in our country there is also "a large number of credit institutions and a low concentration".
In the same report, the IMF recalls, without mentioning them, that “two large cooperative banks have merged” (Banco Popolare and Banca Popolare di Milano, united in Banco Bpm) and that the reforms of the cooperative banking sector - aimed at strengthening governance - have been adopted.
Non-performing loans in the Eurozone have fallen “in the last two years by only 120 billion e they are still traveling at a trillion dollar level“. This was stated by Peter Dattels, deputy director of the Monetary and Capital Markets department of the International Monetary Fund, still speaking during the press conference commenting on the Global Financial Stability Report, during which he underlined that the total is still significant and that this represents bad news.
