October 31, 2019 / 11:38 AM / 12 days ago

Bad banks loans in Italy no longer a threat to financial stability: minister

FILE PHOTO: Roberto Gualtieri arrives at Quirinale Presidential Palace, before being sworn in as Italy's finance minister, in Rome, Italy September 5, 2019. REUTERS/Ciro de Luca/File Photo

ROME (Reuters) - Impaired bank loans in Italy are no longer a risk to financial stability although the clean-up process in the banking system is not yet complete, the country’s economy minister said on Thursday.

“Cleaning up ... their balance sheets is a target lenders have not yet reached but it is clearly an achievable goal,” Roberto Gualtieri said during a conference in Rome.

Reporting by Giuseppe Fonte and Stefano Bernabei, editing by Valentina Za

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