Novo Banco CEO on Europe's NPLs

The video discusses the challenges and strategies of banks in the current economic environment, focusing on interest rates, inflation, and recession concerns. It covers the impact of these factors on net interest margins and bank valuations, highlighting the potential for consolidation in overbanked regions like Europe. The discussion also touches on non-performing loan targets and the role of private equity in bank management, emphasizing the importance of independence and sustainability in banking operations.

What is the target for non-performing loans (NPLs) mentioned in the text?

How does the speaker describe the current state of the banking system compared to previous financial crises?

What strategy is the bank pursuing in terms of its business model and market position?