EU banks cut €67 billion in non-performing loans
Greece remains the country with the highest NPL ratio, at 45%, followed by Cyprus at 34%
European banks further improved the quality of their loan portfolios in the first six months of the year, continuing a trend that began in 2015. The average ratio of non-performing loans (NPLs) to total loans shrank to 3.6% – its lowest level since the European Banking Authority started publishing the data at end-2014.
Figures from the watchog's Risk Dashboard show the change in the ratio was driven by a €67 billion ($77 billion) drop in soured loans across the region. However, big differences
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