Portugal bank lobby urges state, EU action to avert bad loans
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LISBON (Reuters) - Portugal's banking association is calling on the government and the European Union to stimulate the economy to prevent a sharp rise in bad loans as a result of the coronavirus crisis.The country's banking sector is still scarred from a debt crisis and spike in non-performing loans (NPLs) after a 2010-13 recession which led to the collapse of banks like Banif in 2015.Portuguese banks have since battled to reduce NPLs, bringing them down to a total of 17.2 billion euros (15.20..