Italy banks’ soured loans stand at around 287 billion euros – minister

ROME (Reuters) – Problematic loans held by Italian banks have fallen more than 20 percent from their 2015 peak, Economy Minister Pier Carlo Padoan said on Monday.

Padoan told a parliamentary panel that the most recent data showed soured loans in the banking system now stood at around 287 bln euros ($338 billion) compared with a maximum in 2015 of 361 billion.

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