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Italian bad loan sales seen reaching 70bn euros in 2018

Published December 12, 2017 Updated December 12, 2017 10:33pm

The estimate for next year includes a record 26 billion euro disposal which bailed-out bank Monte dei Paschi di Siena is working on but has yet to finalise

PwC sees 250 billion euros in impaired bank debts in Italy at the end of the year on a pro-forma basis, of which 151 billion euros are to borrowers who defaulted or are deemed insolvent, while 93 billion euros are so-called unlikely-to-pay loans.

Copyright Reuters, 2017