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EU banks' sour loans to be subject of commission strategy

( July 15, 2020, 10:16 GMT | Official Statement) -- MLex Summary: EU banks whose stocks of nonperforming loans have risen as a result of Covid-19 will be the targets of a "comprehensive policy" due from the European Commission, financial services official Valdis Dombrovskis has said in response to a question from lawmaker Aurore Lalucq. Dombrovskis repeated earlier guidance on the setting-up of national "bad banks" for sour assets.Response follows. Original question attached. ...

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