The stock of non-performing loans declined considerably, especially as a result of some major sales, totalling € billion in 2016, € billion in 2017 and € billion in 2018. Driven by pressure from the supervisory authorities, the increase in sales also benefited from banks’ progress in providing detailed information on the characteristics of exposures and from the greater number of NPL recovery specialists.
the European Central Bank (ECB) and the national central banks of the 12 Member States that have introduced the euro) held its annual high-level policy dialogue with the central bank governors of accession countries' central banks on the occasion of the "Vienna Seminar on the EU accession process".