450,000 Businesses Shut Down in Italy; Non-Performing Loans Jump 15.3%, Write-Downs 21.6%
Sunday, November 25, 2012
Here are a couple of interesting economic links from Italy courtesy of reader Andrea. The translations from Italian are a bit choppy, but the gist of the articles is easily understandable.
Non-Performing Loans Jump 15.3%, Write-Downs 21.6%
From Thompson Financial News: Non-Performing Loans Jump 15.3%
Non-performing loans amounted to approximately 117.6 billion, 1.8 billion more ‘than in August and 15.6 billion in more’ than in September 2011, marking an annual increase of 15.3%.
With regard to loans net of write-downs at the end of September totaled 67.2 billion, about 1.5 billion more ‘than a month before and almost 12 billion more’ than in September 2011, with an annual increase of 21.6%.