Jan
18

Paschi, UniCredit Among Banks Pressed for Bad-Loan Data by ECB

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  • Italian lenders led European banks’ stock slide on Monday
  • Country’s bad loans reached 201 billion euros in November

Banca Monte dei Paschi di Siena SpA, UniCredit SpA and Banca Popolare dell’Emilia Romagna SC are among Italian lenders being asked by the European Central Bank to submit data on their non-performing loans as examiners increase scrutiny of credit quality in the region.

The review is being conducted by the central bank’s oversight arm, the Single Supervisory Mechanism, and will be carried out in coming weeks, the companies said separately in statements on Monday. Banco Popolare SC, Banca Popolare di Milano Scarl and Banca Carige SpA also disclosed that they are involved in the assessment…

Paschi, UniCredit Among Banks Pressed for Bad-Loan Data by ECB

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