The net NPL ratio will stand at 7.8 per cent, against 10.8 per cent in 2015. Considering only  2  In 2017 the Italian State intervened to recapitalize Banca Monte Paschi di Siena and to liquidate Banca Popolare di Vicenza and Veneto Banca. Moreover, the four banks put into resolution in November 2015 were eventually sold.
3  At the end of 2017 Italian GDP was still almost 6 percentage points below its pre-crisis level, whereas for the euro area it was 5.6 points above.