Bank group says share review won’t help asset analysis

(ANSA) – Rome, December 12 – The revaluation of shares in the Bank of Italy will likely not help institutions facing analysis of their assets by the European Central Bank, Giovanni Sabatini, managing director the Italian banking association ABI, said Thursday.

However, the revaluation will help in upcoming stress tests of the banks by the ECB, added Sabatini.

The quality of bank assets will be reviewed next year by the ECB.

Late last month, the Italian government announced that banks would be allowed to revaluate their shares in the Bank of Italy.