Bad loans at euro zone banks fell to a new low in the last quarter of 2020, fresh data showed on Monday, underscoring warnings from the European Central Bank that lenders are not preparing for a deluge of soured credit after the pandemic. The ratio of non-performing loans at banks supervised by the ECB fell to 2.63%, the lowest level since the start of supervision in 2015, despite a deep and scarring recession that will likely weigh on the economy for years to come. Banks have managed to improve their loan books thanks to abundant government guarantee and credit schemes that are keeping the corporate sector afloat, ... (full story)