Problem of NPLs not resolved - Draghi (2)

Facing bad loans precondition of banking union says ECB chief

(ANSA) - Rome, November 7 - European Central Bank President Mario Draghi said Tuesday that the problem of non-performing loans (NPLs) has not been sorted out completely.
    "Although the level of NPLs have fallen for major banks, from around 7.5% at the start of 2015 to 5.5% today, the problem has not yet been resolved," Draghi said.
    "Addressing the problem (of bad loans) is a precondition for the other pillars of the banking union.
    "There is no room for self congratulation".
   

ALL RIGHTS RESERVED © Copyright ANSA