ECB to give weakest banks extra NPL timeThe European Central Bank said this week it wants banks to provision for legacy non-performing loans in the same way as for new NPL inflows. But, in a major boost for Europe's weakest banks, it is prepared to give heavily burdened banks more time to raise provisions.

The European Central Bank said this week it wants banks to provision for legacy non-performing loans in the same way as for new NPL inflows. But, in a major boost for Europe's weakest banks, it is prepared to give heavily burdened banks more time to raise provisions.http://www.globalcapital.com/article/b191d0c3t2sx8q/ecb-to-give-weakest-banks-extra-npl-time[Collection]