The new non-performing loan (NPL) rate, computed on an annualized basis and adjusted for seasonal effects, fell by 0.2 per cent in the first three months of this year, to 1 per cent; in the absence of significant disposals, the stock of these loans net of loan loss provisions and, again, relative to total loans, remained broadly unchanged.
Let me underline that economic policy measures announced by the new government show its commitment to fiscal consolidation and the implementation of long-delayed structural reforms, which has been recognised by both the domestic financial market and foreign investors.