December 29, 2017 / 10:27 AM / 8 months ago

Italian banks' net bad loans seen at 42.5 bilion euros by end-2019: ABI

ROME (Reuters) - Italian banks’ net bad loans are forecast to fall to 42.5 billion euros ($51 billion) by the end of 2019, down by more than 40 billion euros from the end of 2016, Italian banking association ABI said in a statement on Friday.

The ratio of gross bad loans as a percentage of overall loans is expected to fall to below 10 percent from the middle of 2019, the industry group added.

Reporting by Stefano Bernabei, writing by Agnieszka Flak, editing by Isla Binnie

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