NPL Resolution in emerging Europe:
Taking Stock and Next Steps
Vienna Initiative 2.0 Regional NPL Workshop, Vienna, 26 June 2015
Non-performing loans (NPLs) are a legacy of the global financial crisis and are a major factor holding back the growth of credit, economic expansion and job creation in several countries of central and south-eastern Europe. Through its Regional NPL Initiative, the Vienna Initiative is now applying its pan-regional approach to the NPL issue while at the same time ensuring that appropriate individual country solutions are sought and delivered for each of the countries involved.
Vienna Initiative partners from the official sector met in Vienna on 26 June to assess the progress of the Regional NPL Initiative. This conference was an opportunity to hear how country plans are progressing, to discuss best practices and also to take stock of NPL resolution responses in other regions.
Participants included high level representatives from the region, the Governor of the Bank of Albania; the Governor of the National Bank of the Republic of Macedonia; the Deputy Governor of the Croatian National Bank, and senior representatives of the Central Bank of Hungary, the National Bank of Romania and of the Serbian Ministry of Finance and central bank.
For more information on the event and its outcomes, please click on the links below.
Taking Stock on NPL Resolution: action process and country plans
Lessons learned from NPL resolution processes in selective regions
Best practices in different areas of NPL resolution