The turning point of the Italian banking system has been put off until 2020

Outlook for 2020 performance of the Italian banking system is optimistic, also strengthened by the return of dividend payout. However, 2019 was not a turning point, with the market environment still unfavorable and the reduction of profitability only partially offset by efficiency actions and de-risking initiatives carried out.
Within our Report Banche FY19, further details on the performance of the six main Italian Banks.

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