Reuters logo
ECB's Angeloni wants no let up in clean up of bad loans
May 15, 2017 / 3:29 PM / 6 months ago

ECB's Angeloni wants no let up in clean up of bad loans

FRANKFURT (Reuters) - Euro zone banks should continue to offload their bad loans and improve their lending practices even as the economy improves, a senior European Central Bank supervisor said on Monday.

“There is therefore a need for continued effort, tailored to the specific situation of individual banks, to improve lending practices and to effectively dispose of existing NPLs (non-performing loans),” Ignazio Angeloni, a member of the ECB’s supervisory board, told an event in Milan.

Reporting By Francesco Canepa

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below