| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2018) 133 final |
| Publication Date | 14/03/2018 |
| Content Type | Policy-making |
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Further information: The second progress report shows that the trend of falling NPL ratios continued and that the quality of banks' loans portfolios improved. The progress report was issued together with a package of measures addressing the stocks of Non-Performing Loans. + Proposal for a Regulation amending Capital Requirement Regulation (CRR) [COM(2018)134] Background information: Non-Performing Loans (NPLs) are loans where the borrower is unable to make the scheduled payments to cover interest or capital reimbursements. When the payments are more than 90 days past due, or the loan is assessed as unlikely to be repaid by the borrower, it is classified as an NPL. This proposal integrates an effort to complete the Banking Union, as stated by the European Commission's Communication on the subject published in October 2017 and by the roadmap to strengthen the Economic and Monetary Union (EMU) put forward in December 2017. Addressing high stocks of non-performing loans (NPLs)3 and their possible future accumulation is essential to complete Banking Union. Reflecting this EU dimension and building on the shared agreement on the need to continue and extend the actions already initiated by the Commission, the Council of the European Union adopted in July 2017 an Action Plan To Tackle Non-Performing Loans in Europe. This package of measures is the Commission's response to that call from the Council. + First progress report on the Reduction of Non-Performing Loans in Europe, January 2018The European Commission published on 18 January 2018 the second progress report on the Action Plan to tackle non-performing loans (NPLs) in Europe. |
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| Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2018:133:FIN |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe |
