Resolving Europe’s non-performing loan (NPL) problem is a priority for the banks in order to pave a way to improving profitability across the sector, an official from the European Central Bank (ECB) said in a speech yesterday.
Sales of toxic assets have been slow with an estimate from Deloitte placing 2016 totals at €103 billion – less than 10 percent of the total stock of NPLs across Europe.
