NPLs on the books of the top 7 banking groups continued to decline, falling to € 85.3 billion at the end of September

There were € 85.3 billion of gross NPLs on the balance sheets of the first seven Italian banking groups at the end of September 2020, down from € 87.5 billion at the end of June, with € 39.8 billion of UTP loans (from € 40.2 billion at the end of June) accounting for an average of 47% of the total, down from 46% three months before and in the other previous quarters, with an NPE ratio down to 6.6% from 7.7% at the end of June. As for non-performing loans, they stood at 43.2 billion from 44.5 billion in June, with an NPL ratio down to 3.4% from 3.8% (see here a previous BeBeez Insight View). BeBeez calculated it, based on the reports on the results for the nine months 2020 of Unicredit, Intesa Sanpaolo, UbiBanca, Mps, BancoBpm, Bp