Although showing a slight decrease from 14.6% at the end of 2017, the aggregate Common Equity Tier 1 ratio of euro area significant institutions stood at 14.1% at the end of the first quarter of 2018. Banks have made progress in reducing their stocks of non-performing loans (NPLs).
Let me turn the floor over to [Reserve Bank of India] Deputy Governor [Rajeshwar] Rao. 2/2  BIS - Central bankers' speeches