The safeguards introduced with Basel III ensure both greater short-term resilience (through the liquidity coverage ratio, LCR) and a better balance of maturities over the medium term (through the net stable funding ratio, NSFR).
In the semiannual financial statements released last month, the ratio of NPLs to total loans for major banks stood at 4.6 percent, within sight of the target of halving the volume of NPLs on their books. For regional banks, the NPL ratio has been steadily falling, down to 6.4 percent from 6.9 percent registered at the end of March 2004.