On Friday, in a statement, China’s top banking and insurance regulator said, the sector has written off $466.6 billion (3.02 trillion yuan) in non-performing assets in 2020, up by more than 50% from a year ago. At the end of… Read More ›
Non-performing assets
China’s banking regulator intensifies effort to channel more funds and regulate finances of SMEs
On Friday, China’s banking regulator stated, it will start monitoring the quantum of support being provided by lenders to struggling smaller firms, in what is the latest push to channel more funds into the country’s most vulnerable business sector. For… Read More ›
Banks across the Eurozone gets reprieve from ECB’s bad loan guidelines
Saddled with 750 billions euros in sour loans, ECB’s guidelines had wanted banks to hike up their provisions against these non-performing assets. On Thursday, the European Central Bank stated although its guidelines on the treatment of non- performing assets of… Read More ›
European Commission wants banks to reduce their NPAs through secured loans within 8 years
The draft proposal is aimed at significantly reducing the stock of bad loans in the European Union. On Friday, a source familiar with the matter at hand stated, the European Commission has prepared a draft proposal aimed at reducing the… Read More ›
The European Central Bank wants progress on NPAs from banks in the Eurozone
Taking a tough stance, the ECB has made it lucidly clear that banks across the Eurozone will have to stick to the deadline in reducing their non-performing assets, including loans. On Friday, the European Central Bank disclosed that it plans… Read More ›
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