Europe’s achievement in reducing NPLs to 340 bln euros and the role of the SSM

The Commission estimates that such measures will ceteris paribus enhance EU banks’ collective lending capacity by no less than EUR450bn, on top of EUR500bn from already announced regulatory measures.

The European Stability Mechanism (ESM) focused in its Annual Report on loans that were taken off bank balance sheets but…

SSM : – will use maximum flexibility in evaluating the implementation of the ongoing plans to reduce past non-performing loans.
– Have eased capital and liquidity constraints.