Italian bank share prices reach multi-year highs due to rising interest rates and reduced loan losses.
Italian banks' share prices reach multi-year highs, with discounts to book value narrowing due to rising interest rates boosting profits and lending costs. This comes after banks rid themselves of 290 billion euros in impaired loans and implemented stricter lending policies. Loan losses remain at record low levels, allowing banks to increase investor payouts and buy back shares.
April 05, 2024
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