Gross bad loans at Italian banks 200 bln euros in May

July 12, 2016 8:46 AM

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MILAN, July 12 Italian banks in May held 200 billion euros ($222 billion) in loans to borrowers deemed insolvent, slightly up from the previous month, data showed on Monday, as lenders continue to suffer from the fallout of a deep three-year recession.

Bad debts have become the focus of concerns over Italian banks because they tie up precious capital and curb already weak profitability.

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