Lending
EU calls for further rundown of bad loans
European Commission says it will be step towards further union
The European Commission urged further progess in tackling non-performing loans (NPLs) as part of its moves towards banking and capital markets unions.
NPLs are loans where interest or installements are not being paid for 90 days or more, meaning banks cannot receive the interest income required for profit. Since the financial crisis NPLs have been a major problem for banks.
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