Ital­ian bank out­look to be bet­ter: CEO

The Pak Banker - - Company& -

ROME: Next year will be slightly bet­ter than 2010 for Ital­ian banks, Gio­vanni Cag­noli, chief ex­ec­u­tive of­fi­cer for Italy at Bain & Co., told Il Sole 24 Ore in an in­ter­view.

Non-per­form­ing loan growth will slow com­pared with 2010, with the re­sult of lower pro­vi­sions, Cag­noli told Sole.

Re­cent share-price per­for­mance by banks has been a re­sult of "spec­u­la­tive move­ment," Cag­noli said. Fun­da­men­tals are im­prov­ing and "I don't see any rea­son for ex­ces­sive con­cern," he told the daily. -PB News

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