ECB to give euro zone banks deadline for full coverage of bad loans - source

The skyline with its financial district and the headquarters of the European Central Bank (ECB) are photographed in the early evening in Frankfurt, Germany, December 4, 2018. REUTERS/Kai Pfaffenbach - Copyright KAI PFAFFENBACH(Reuters)

By Reuters

Published on 15/01/2019 - 11:04•Updated 27/04/2024 - 00:37

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(Reuters) - All the banks under the European Central Bank's oversight will receive a target date by when they will have to fully cover their stock of impaired loans, a source familiar with the situation said on Tuesday.

The target date will be over the medium term and differ from lender to lender, the source said.