“The figure shows the banking system has been cleaned up. The central bank’s surveillance division has been rather vigilant and insisted for the truth [regarding the NPLs],” Isarescu said at the presentation of the bank’s quarterly inflation report.
He said the central bank has been using the “strictest” indicators to assess the NPLs level.
“If we were to calculate the level based on the methodology used by the European Banking Authority, than the figure would be 17.4% instead of 22.3%,” Isarescu told reporters.
The central bank’s chief mentioned the coverage ratio of NPLs is close to 100%.