Central Bank Greenlights Major Portfolio Cleanup Across Banking System

06.02.2014 By Razvan Voican

Banks will be allowed to remove from their balance sheets six billion lei (EUR1.36 billion) worth of non-performing loans (NPLs) fully provisioned for and without any reasonable hope of recovery, after Romania’s central bank started the action plan to curb NPLs across the system as agreed upon with the International Monetary Fund and the European Commission.

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