Banks: EU plan arrives on NPL, there is also European bad bank – Ultima Ora

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(ANSA) – BRUSSELS, DECEMBER 16 – “Due to the impact of Covid on the economy, the volume of impaired loans is destined to rise in the EU”, albeit with “still uncertain timing”, because it depends “on the speed of recovery” . For this reason, the EU Commission has decided to immediately launch a strategy to help banks get rid of NPLs. Four pillars on which the Brussels plan is based: further develop the secondary market, reform the legislation on insolvency and debt collection, support the creation of bad banks at European level, use precautionary support, in compliance with the banking directive and state aid.

(ANSA).

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