The average ratio of ‘gross non-performing loans’ (NPL) in the European Union continues to decline toward its pre-crisis level, the European Commission noted in a fourth progress report published on Wednesday 12 June.
At the end of the third quarter of 2018, this average ratio reached 3.3%, down 1.1% compared to the third quarter of 2017. Since 2014, it has decreased by more than half.
However, wide national disparities remain, with countries most affected by the financial crisis still...