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.
The article The ECB mentions a real estate “bubble” appeared first on zimo news.
Breaking News Updates News Today The ECB evokes a real estate “bubble”