Breaking Down GACS: A Closer Look at the Scheme’s Impact on the market
The GACS scheme has been a useful tool for dealing with the high stock of NPLs in the balance sheets of Italian banks. Since its activation, the NPL ratio has dropped from 16.8% in December 2015 to a historic low of 2.6% in June 2022, with a total volume of €108.6 billion cleared. The current […]
2022 European Commission Guidelines on NPL – What you need to know
In this article, we will make a brief overview of the main highlights and directives from the 2022 Guidelines on NPL document.