ROME (ITALPRESS) – “No chasm but a plateau: if banks manage the increase in non-performing loans quickly and well, if governments intervene with adequate public support measures, the surge in NPLs can be avoided and banks will continue to be part of the solution by keeping the credit tap open “. This was stated in an interview with Sole 24 Ore by Isabelle Vaillant, director responsible for the prudential rules of the EBA (European Banking Agency). For Vaillant, “the uncertainty about the timing of the crisis remains but must be counterbalanced with a dose of optimism. The current level of bank solidity is a reason for optimism for me, it makes me optimistic. When European banks entered this pandemic they were solid and still are. We were able to navigate this economic crisis with the support of the banks and this happened because we worked hard on the solidity of the banks before the crisis. The banking system has so far made an important contribution by continuing to provide loans and banks they were part of the solution. And they are continuing to lend. For me it is essential that in this phase of uncertainty the banks can continue to finance the economy: we must ensure that this goes on. “Italy is one of the countries most affected by the pandemic but the Italian banks have shown resilience, they have remained within the European average of capital ratios – he continues -. And this is a good result, because they show no sign of having had to absorb a blow. harder than other banks in Europe. Even in the management of NPLs, Italian banks reduced bad loans in 2019, and in 2020 this trend continued, they remained in line “. “Giving flexibility to the rules was one of the key interventions – underlines the Eba director -. When we deemed it appropriate to introduce the guidelines on moratoriums, to avoid automatisms, we did it. And we extended them when necessary. Now it is time to monitor the situation: monitor, monitor, this is what the EBA is doing now. However at this stage we have no intention of further extending the guidelines. The moratoriums have expired or are expiring and the window for suspending automatisms has closed. closely monitoring the situation: it is our main task this spring, the highest priority “. (ITALPRESS). sat / red 07-May-21 08:51
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