Q4 2019 Results Show Positive Momentum For Italian Banks
DBRS Morningstar views the Q4 2019 results of the large Italian banks as showing further progress on asset quality and cost control, whilst the banks were also able to take advantage of the favourable funding environment. In addition, several banks have been increasing non-interest sources of revenue to cope with the persistently low interest rates. Against this backdrop, banks have either started to distribute dividends or increased their pay-out ratio.
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