The stock of NPLs has also fallen: at the end of March, the ratio of NPLs to total outstanding loans fell for the significant banking groups as a whole to 9.2 per cent, net of write-downs, from a peak of 11.4 per cent recorded in the second half of 2015.
They show the confidence of European but also international investors in the soundness of the new European monetary policy based on the stability of the euro. I add that the euro is not only the financial sector’s concern.