This European Commission’s third progress report on the reduction of non-performing loans (NPLs) shows that NPLs in the European banking sector have declined further as a result of continuing economic growth and pro-active measures such as sales of NPL portfolios.
The report, which consists of a communication and a staff working document, confirms that the Commission has delivered all elements of the Council’s July 2017 Action Plan on NPLs.
It furthermore explores the potential set-up of a European NPL transaction platform, where banks and investors could trade NPLs and NPL portfolios.
-Text of the Communication (Provisional version. The final text will be available soon)
-Text of the staff working document (Provisional version. The final text will be available soon)