01727cas a2200241 a 4500 AALejournalIMF021152 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513552156 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Italy : Financial Sector Assessment Program-Technical Note-Tackling Non-Performing Assets. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (35 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Banks' asset quality has substantially improved in recent years but remains well below European peers. Non-performing loans (NPLs) fell from 16 1\2 percent in 2015 to about 8.1 percent at end-June 2019, achieved mainly through Euro 145 billion of private NPL sales. This is a substantial reduction by any standard, though NPLs remain well above the 3.0 percent average of the main European Union (EU) banks as of June 2019. New NPL formation has fallen to pre-crisis levels. Provisioning coverage was 52.5 percent as of June 2019, placing Italy 7.6 percentage points above the average of the main EU banks. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2020/234 Full text available on IMF http://elibrary.imf.org/view/journals/002/2020/234/002.2020.issue-234-en.xml IMF e-Library