‘Get ready’ for NPL addendum as Italian champs look to cut exposure

Jasper Cox

February 08, 2018 01:30 PM

DanieleNouy_PA_230x150 — (170327) -- FRANKFURT, March 27, 2017 (Xinhua) -- Daniele Nouy, president of the Supervisory Council of the ECB attends the ECB Banking Supervision Annual Press Conference in Frankfurt, Germany, on March 27, 2017. (Xinhua/Luo Huanhuan) (zf) (Photo by Xinhua/Sipa USA) | Xinhua/SIPA USA/PA Images

The European Central Bank’s addendum on non-performing loans (NPLs) will be published in March and could be implemented straight away, according to Danièle Nouy, chair of the body’s Supervisory Board. Meanwhile, UniCredit and Intesa Sanpaolo progressed with plans to reduce NPL levels this week.

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Jasper Cox