EU public funds buoy Italian lenders

Italian banks depend on public-sector funds the most of all European Union firms, but plan to wean themselves off this supply dramatically over the next three years.

European Banking Authority (EBA) data shows public repo funding – such as that offered through the European Central Bank’s targeted longer-term refinancing operations (TLTRO), made up 8.5% of Italian lenders’ total funding in 2018, compared with an EU average of 2.7%. In total, €498.3 billion ($552.3 billion) of repo funding was

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: