European Union banks have cut bad loans and raised provisions, according to the European Commission, who published a report of next week’s Eurogroup and ECOFIN meetings where the introduction of the European Deposit Insurance Scheme (EDIS) will be discussed.

The EU executive also assessed the banking sectors' most threatening problem - the number of non-performing loans (NPLs) of each bank, a legacy by the European economic crisis of the last decade.

"Working out the high stocks of non-per...


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