4  The ESM’s subscribed capital amounts to € billion, of which € has been paid in; its lending capacity stands at € billion.
Today, we will close the public consultation on our guidance for banks on dealing with non-performing loans. That guidance takes the form of recommendations to banks and defines a number of best practices that we have identified. It sets out our supervisory expectations and serves as a basis for supervisors to evaluate how banks handle nonperforming loans.