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The ECB evokes a real estate “bubble” | Local News

The ECB evokes a real estate “bubble”
| Local News | abc News


The asset quality of some euro area banks is deteriorating and property bubbles could form in several countries, Andrea Enria, head of banking sector supervision activities at the Central Bank, said Thursday. European Union (ECB).

“Even if the figures (for non-performing assets) still appear favorable, the quality of assets seems to be deteriorating,” he told the European Parliament’s Committee on Economic Affairs.

“We are also seeing the emergence of vulnerabilities in residential real estate in some countries. “

He added that banks’ bad debt forecasts may turn out to be overly optimistic and the industry should be cautious about reversing provisions.

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Remon Buul

Chairman of the board of directors responsible for organizing and developing the general policy of the website and the electronic newspaper, he is interested in public affairs and in monitoring the latest international developments.

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