DBRS: What’s Next For European Banks’ NPLs
DBRS Ratings Limited (DBRS) published a new commentary analysing European banks’ Non-Performing Loans.In spite of a significant reduction in the last four years, some European banks still have an elevated stock of Non-Performing loans (NPLs). Progress has been most notable in Spain and Ireland, whilst Italy, Portugal and Greece still have NPL ratios much higher than the average of European banks.
• Most banks in countries with still high NPLs have announced specific NPL ratio targets for the next two to three years.
• However, NPL targets and timelines vary among banks and countries.
• System-wide solutions to accelerate the reduction of very high NPLs in Greece are being explored but are not likely to finalise before end-2019.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.