|Author (Corporate)||European Commission: DG Financial Stability Financial Services and Capital Markets Union|
|Series Details||COM (2020) 822|
Communication published by the European Commission on 16 December 2020, setting out an Action Plan aimed at tackling Non-Performing Loans (NPLs) to prevent a build-up as a result of the crisis caused by the COVID-19 (coronavirus) pandemic.
NPLs are bank loans that are more than 90 days past-due or are unlikely to be repaid in full without requiring the sale of collateral.
This Communication builds on a set of conclusions adopted by the Council of the European Union in 2017. It proposes to address the issue through a series of actions and measures with four main goals:
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Banking Union, Financial Services|
|Keywords||Banks | Banking, Non Performing Loan [NPL]
|International Organisations||European Union [EU]|