Quotes of the month: “It’s a cheaper option these days to bus around NPLs from one site to another, hoping that by diluting them, they will disappear. But they will not” Alicia Garcia-Herrero@natixis warns that #China faces a slow-motion #banking crisis
Despite COVID-19, banks’ non-performing loans drop: Against the backdrop of the economic impact of Coronavirus (COVID-19) pandemic, the value of non-performing loans, NPLs, in Nigeria’s banking industry rose marginally by 3.0 percent to N1.21 trillion in…
What are the lessons to be learned from past crises for the resolution of NPLs after the coronavirus? The latest #ResearchBulletin studies 88 banking crises since 1990 and finds that timely NPL resolution is difficult, but critical for economic recovery
Does anybody know how Italian banks removed (gross) 200 billion euros in NPLs from their balance sheet? They must have lost 70% on this. How do you hide 140 billion in losses?
On my way to #Italy to make sure that everything is economically all right. Public debt has just hit a fresh record of €2.37tn. Banks have to buy govt bonds again b/c the ECB has temporarily suspended QE. After all, the amount of non-performing loans (NPLs) is declining.
#ECB's Draghi: NPLS an obstacle to transmission of our monetary policy.
#Greece: NPLs are 45% of total bank loans, 4 times level in 2010. That's what happens when you trash an economy.
Ireland has higher NPLs than Italy. What a difference economic growth makes in mitigating concerns (h/t @SoberLook )