Intesa SanPaolo queality assets

Italian banks: the risk has been exaggerated

Italian Banks: The Risk Has Been Exaggerated

The two largest Italian banks, despite various efforts by their management teams to sanitise their balance sheets, seem to be suffering from the “Italian risk” by association. In opinion of experts at Banco Santander, this specific risk is exaggerated, and the current depressed valuation is an opportunity to buy.