Home Bankitalia Coronavirus, Bankitalia: growth of contagion risks in the banking sector

Coronavirus, Bankitalia: growth of contagion risks in the banking sector

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“The risks to financial stability are significantly increasing also in Italy”. To say this is the Bank of Italy in the report on financial stability . “The decline in economic activity and the uncertainties about the longer-term effects of the crisis have led to a sharp worsening of conditions on the financial markets and a strong increase in the risks of contagion in the banking sector”, reads. According to Bankitalia, “the demand for financial services is reduced and the ability to repay loans by households and businesses weakens”.
On banks it undermines “probable defaults”
The report says that bank balance sheets and profitability may have to endure a “mine”  » Read More

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