A contribution to this can come from targeted measures, some of them already decided, such as the refinancing of the Guarantee Fund for SMEs and changes to the tax rules on loan loss provisions in banks’ balance sheets.
The Bank of Italy’s supervisory action and the banking union Thanks in part to the action of the Bank of Italy and in spite of the sharp deterioration in loan quality, between September 2012 and September 2013 the non-performing loan coverage ratio rose from 38.3 to 39.9 per cent on average for Italian banking groups.