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Finance

Fourth progress report on the reduction of non-performing loans (NPLs) and further risk reduction in the Banking Union

Description

The European Commission’s fourth progress report on the reduction of non-performing loans (NPL) shows that the ratio of NPLs in EU banks has more than halved since 2014, marking a further decline towards pre-crisis levels.

The report will inform EU finance ministers’ discussions on the completion of the Banking Union at their 14 June meeting.

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