Economic recovery will be a key task for Italy's new government led by Mario Draghi, and the country's banks may benefit from some possible measures to achieve this goal, Citi says. "We expect that some measures in support of economic recovery will be key and potentially a positive for banks," it says. "For example, this could include a process for reduction of new [nonperforming-loans] creation with debt restructuring/refinancing scheme for corporate clients, exit of the moratoria process, government guarantee lending scheme, payment initiative as well as credit to [small and medium-size enterprises] and small business," Citi says. (email@example.com; @pietrolombard10)
(END) Dow Jones Newswires
February 15, 2021 05:04 ET (10:04 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.