For the less significant banks  3  the share of all NPLs (7.1 per cent) remains higher than that recorded by the significant banking groups (5.1 per cent). The development of the secondary market is making an important contribution to reducing the number of NPLs.
It is important to note that policy makers do not and should not really use micro data. Consider, for example, the micro data collected through the Household Consumption and Finance Survey I have mentioned before. Are policy makers supposed to dig into these mass of data? Of course not.