Between the third and fourth quarters of 2021, the level of non-performing loans (NPL) was reduced from 2.17% (€401 billion) to 2.06% (€374 billion) of total outstanding loans, the lowest level recorded since the first statistics were published in 2015, the ECB, acting as the single banking supervisor in the euro area, said on Friday 8 April.
The highest level of NPLs was observed in Greece (7.04% of total), Cyprus (3.97%), Portugal (3.81%) and Spain (3.05%).
Nevertheless, the ECB notes...