According to a recent study by Deloitte, new rules from European financial regulators are pressing French banks to tackle their bad loans as quickly as possible.

The Deloitte study observes that because French lenders hold the second-largest NPL stock in Europe, they are “starting to feel the pressure irrespective of the health of their balance sheets”.

French banks held €124 billion of NPLs at the end of June 2019, with only €70 billion being tied to assets in their home market at the end of last year. Source: Deloitte

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