ECB: Banks should support credit in next recovery phase

(AGI) Rome, July 10 - Banks should "take full advantage of thisexercise to improve their capital and solvency position,thereby supporting the scope for credit expansion during thenext stages of the recovery", the ECB stated in its monthlybulletin. "Against the background of weak credit growth, theECB's ongoing comprehensive assessment of banks' balance sheetsis of key importance", it said. . .

(AGI) Rome, July 10 - Banks should "take full advantage of thisexercise to improve their capital and solvency position,thereby supporting the scope for credit expansion during thenext stages of the recovery", the ECB stated in its monthlybulletin. "Against the background of weak credit growth, theECB's ongoing comprehensive assessment of banks' balance sheetsis of key importance", it said. . .