Italian banks are "well positioned to address the outlook for weak economic growth and uncertainties", in particular regarding the dynamics of loans and deposits.
This is highlighted by Scope Ratings' 2024 outlook on the sector according to which "the risks are oriented downwards with regard to volume growth, the financing mix and the quality of assets".
Furthermore, the profitability of the institutions "is high thanks to the large interest margins and the low provisions for credit losses", so the Italian banks are confident "of being able to repeat or even exceed - the report notes - the results of 2023. year, thanks to continued high rates, a rebound in fees, cost efficiencies and low expected credit losses."
It is also true that "The improvement in the main parameters of credit quality is running out, but there are still no clear signs of deterioration", underlines the report.
And this "is probably due to the resistance capacity of businesses and families, together - it is highlighted - with the period of time between a slowdown in the real economy and insolvencies".
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