Market Report, "Italy Commercial Banking Report Q3 2012", Published
BMI View: Emergency liquidity measures provided by the ECB and the Bank of Italy have staved off the threat of an immediate liquidity crisis, providing the banking sector with a window to restructure, although large purchases of government debt have increased the sector's exposure to the eurozone crisis. We expect credit growth to contract by 1.5% in 2012 as the Italian economy sinks into recession and banks seek to boost their capital buffers. Furthermore, the banking sector's increased government debt...
View full press release