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ECB wants "ambitious and realistic" push to cut unpaid bank loans

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - The European Central expects euro zone with high levels of unpaid to submit "ambitious and realistic" plans to bring them down, it said on Monday, as it published guidelines on non-performing (NPL).

"These plans should be ambitious and realistic," the euro zone's top supervisor said on its website after seeking industry feedback on the guidelines.

"Regarding enhanced disclosures on NPLs, to ensure consistency and comparability the guidance should be implemented from the 2018 reference dates onwards."

(Reporting By Francesco Canepa)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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ECB wants "ambitious and realistic" push to cut unpaid bank loans

FRANKFURT (Reuters) - The European Central Bank expects euro zone banks with high levels of unpaid loans to submit "ambitious and realistic" plans to bring them down, it said on Monday, as it published guidelines on non-performing loans (NPL).

FRANKFURT (Reuters) - The European Central expects euro zone with high levels of unpaid to submit "ambitious and realistic" plans to bring them down, it said on Monday, as it published guidelines on non-performing (NPL).

"These plans should be ambitious and realistic," the euro zone's top supervisor said on its website after seeking industry feedback on the guidelines.

"Regarding enhanced disclosures on NPLs, to ensure consistency and comparability the guidance should be implemented from the 2018 reference dates onwards."

(Reporting By Francesco Canepa)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

ECB wants "ambitious and realistic" push to cut unpaid bank loans

FRANKFURT (Reuters) - The European Central expects euro zone with high levels of unpaid to submit "ambitious and realistic" plans to bring them down, it said on Monday, as it published guidelines on non-performing (NPL).

"These plans should be ambitious and realistic," the euro zone's top supervisor said on its website after seeking industry feedback on the guidelines.

"Regarding enhanced disclosures on NPLs, to ensure consistency and comparability the guidance should be implemented from the 2018 reference dates onwards."

(Reporting By Francesco Canepa)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22