Nomura: Non-performing loan sales hit post-crisis high, and they’re not going away

Draghi clarified in its latest press conference that it is not the ECB’s role to clean up banks’ balance sheets, meaning that the ECB is unlikely to deal itself with the 500bn large non-performing loan problem in periphery. (.) However, the problem of NPLs may require more targeted solutions.

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"The firm also reiterated its May estimate for Chinese banks’ non-performing loan ratio of 15%, or Rmb11.4tn, assuming the same recovery ratio of 40%, which would entail potential losses of 10% of GDP. The total losses when combined with those from bad debt in shadow financing would come to 13.7% of GDP."

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On the other hand, capital ratios are partly endogenous to the extent that they are raised by reducing lending. A more relevant variable in this case is the non-performing loan ratio of the banking system – a high ratio leads to risk-averse lending behaviour as weak banks cut new loan supply to improve their balance sheet and vice versa.

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Investments Lending Nomura: Non-performing loan sales hit post-crisis high, and they’re not going away Could take 4 years to sell all NPLs

Record low rates spur mortgage application filings Nomura: Non-performing loan sales hit post-crisis high, and they’re not going away big read: irish banks plot loan sales as ECB turns up heat – Big read: Irish banks plot loan sales as ECB turns up heat. the housing market hit the buffers, mortgage debt remains the main problem for banks.