There is still little Covid effect on banks' loan portfolios in the first half of the year. For the first 7 groups, NPLs down to 87.5 billion euros

There were 87.5 billion euros in gross impaired loans on the balance sheets of the first seven Italian banking groups at the end of June 2020, down from 90.3 billion euros at the end of March, with 40.2 billion euros in Utp loans (from 39.8 billion euros at the end of March) accounting on average for 46% of the total, down from 44% three months before and in the other previous quarters, with an NPE ratio down to 7.77% from 8.15% at the end of March. As for non-performing loans, they stood at 44.5 billion from 48.2 billion in March, with an Npl ratio down to 3.8% from 4.2% (see here another Insight View by BeBeez). BeBeez calculated it, on the basis of the reports on the first half 2020 results of Unicredit, Intesa Sanpaolo, UbiBanca, Mps,