On 20 March, the European Central Bank published a guide on non-performing loans for banks (Guidance to banks on non-performing loans). Said Guidance was published after a process beginning in 2014 when the ECB identified the key risk for Eurozone banks as the existence and maintenance of what the European Banking Authority has defined as non-performing exposures, i.e., all credit exposures with more than 90 days’ non-payment (past -due criterion) and in respect of whose debtor has been determined as unlikely to be able to meet all of the payment obligations without resorting to the enforcement of guarantees (unlikely-to-pay criterion).
