Although reported quarterly numbers were distorted by non-recurring items, underlying data showed resilient activity level trends that are expected to be confirmed this year. The group’s restructuring remains on track and extra cost savings have been secured in Austria. NPLs' disposals have been pivotal to stabilise asset quality. The acceleration in the Italian recovery coupled with the likely government’s complementary incentive measures to increase investors’ appetite are
25 Feb 2016
Ongoing but slow recovery process
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Ongoing but slow recovery process
Although reported quarterly numbers were distorted by non-recurring items, underlying data showed resilient activity level trends that are expected to be confirmed this year. The group’s restructuring remains on track and extra cost savings have been secured in Austria. NPLs' disposals have been pivotal to stabilise asset quality. The acceleration in the Italian recovery coupled with the likely government’s complementary incentive measures to increase investors’ appetite are