The new lords of credit no longer live in the bank

The debancarization of the Italian economy continues. A little bit for government support action, which generously took over the credit risk of institutions in the pandemic, bringing its financial exposure to € 500 billion, a figure with which it stands as the first “banker” in the country. A little because of the incessant expulsion of non-performing loans from the balance sheets, which also in 2021 will continue for about 45 billion euros, respecting the roadmap started in 2016, when the advent of bail in began to unfold the effects of the single European supervision.