Analysis of 105 banks by European Banking Authority raises concerns over ‘drag on profitability’ from non-performing loansEuropean banks are sitting on bad debts of €1tn – the equivalent to the GDP of Spain – which is holding back their profitability and ability to lend to tall street customers and businesses.
According to a detailed analysis of 105 banks across 21 countries in the European Union conducted by the European Banking Authority (EBA), the experience of Europe’s banks to troubled customers is worse than that of their counterparts in the US.
Continue reading...
Source: theguardian.com