On their part, banks need to pursue a more active policy for NPL management, by promoting long-term solutions and multi-creditor workouts, as well as focusing on the restructuring of viable businesses. These lines of action, coupled with the economy’s path out of the recession and back to growth, should bring about a stabilisation and, subsequently, a decline in the NPL ratio.
The outlook for 2016 The course of economic activity in 2016 crucially hinges on the successful completion of the first review of the programme and the implementation of the programme reforms. BIS central bankers’ speeches  3  So far, important progress has been made towards completing the first review.