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Draghi: banks with many problematic loans lend less

ECB President Mario Draghi warned today that banks with large amounts of problem loans lend less than those with better credit quality way that they support less to the companies and homes, according to internal analyzes of the entity.

Frankfurt (Germany), Nov 7 (EFE). - The president of the BCE, Mario Draghi, warned today that the banks with large amounts of problematic loans lend less than those that have better credit quality, so that they support businesses and households less, according to the bank's internal analysis.

Draghi acknowledged that the problem credit levels of the Larger banks in the euro area have dropped from 7.5% at the beginning of 2015, to 5.5% of their total loans now.

But, at the opening of the second forum on supervision Bank organized by the European Central Bank (ECB), Draghi considered that the problem of problematic credits in the euro area is not solved.

"Many banks are lacking the ability to absorb large losses because its ratio of bad loans in relation to capital and provisions remain high, "according to the ECB president.

Draghi said that "We all know the damage that the high levels of bank loans can cause in the health of banks and in the growth of credit."

After three years in which The ECB has carried out the unified supervision of the banks in the euro area, Draghi again asked the regulators of each country to "create an environment where problematic credits are they can effectively manage and dispose of efficiently. "

Draghi noted that the correlation between large-scale debt default insurances has been" significantly "weakened. banks and sovereign debt with respect to the peak of the debt crisis in the euro area.

However, the president of the ECB also said that this improvement has been produced, in part, by the improvement in the economic situation but it is crucial that reforms to de-link banks from sovereign debt do not stop.

Draghi said that the ECB has now in its staff 900 supervisors who, together with 4,700 national supervisors, directly supervise assets in the euro area worth 22 trillion euros, which represent 200% of the gross domestic product (GDP).

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