Bank’s Nonperforming Exposures Strategy — Reflecting on COVID-19 Pandemic Challenges
The ongoing COVID-19 pandemic significantly effects business activity and the level of nonperforming loans in the banks portfolios as a consequence. Banks must respond in a timely manner to economic problems caused by pandemic restrictions when it comes to effective management of nonperforming loans (NPL).
The Bank’s Supervisory Counsel is responsible for setting up a Nonperforming Exposures Strategy which establishes strategic objectives for the timebound reduction of NPLs over realistic but sufficiently ambitious horizons in a clear, credible and feasible manner for each relevant portfolio, which seems to be quite a complicated task during a pandemic.
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