Brussels, 11/06/2014 (Agence Europe) - Yves Mersch, a member of the European Central Bank's executive board, says that progress has been made in correcting bank balance sheets but there are “lingering concerns” about asset quality and low profitability at some banks. He was speaking at the Brussels Economic Forum on Tuesday 10 June (see EUROPE 11097).
“It would be daring” to say that a turning point had been reached on non-performing loans, said Mersch, adding that many banks had...