First progress report on the on the Action Plan to tackle non-performing loans (NPLs) in the European Union

Further information:

The report highlights the latest developments of NPLs both in the European Union (EU) as a whole and within individual Member States. It shows that the positive trend of falling NPL ratios and growing coverage ratios has solidified and continued into the second half of 2017.

Background information:

The Council of the European Union adopted in July 2017 an 'Action Plan to Tackle Non-Performing Loans in Europe'. This Action Plan calls upon various institutions – including the European Commission – to take appropriate measures to further address the challenges of high NPL ratios in Europe. The Council agreed to take stock of the evolution of NPLs in the Union on the basis of a report from the Commission.

The European Commission published on 18 January 2018 the first progress report on the Action Plan to tackle non-performing loans (NPLs) in Europe.

• Primary Source

Reuters, 18.01.18: EU says banks' bad loan woes ease but need capital buffer hikes https://www.reuters.com/article/idUSKBN1F719T

The Irish Times, 18.01.18: EU backs Irish progress on non-performing loans https://www.irishtimes.com/business/financial-services/eu-backs-irish-progress-on-non-performing-loans-1.3359943

European Commission: Progress in the Reduction of Non-Performing Loans in Europe [Q&A] http://europa.eu/rapid/press-release_MEMO-18-310_en.htm

European Commission: Opening remarks by Vice-President Dombrovskis on NPL Progress Report http://europa.eu/rapid/press-release_SPEECH-18-346_en.htm

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