BRUSSELS—European Union banks have cut bad loans and raised provisions, the European Commission said on Nov. 28, before EU finance ministers decide next week when to introduce an EU deposit guarantee scheme that hinges on lower risk in banks.
The European Deposit Insurance Scheme (EDIS) would guarantee that the holder of a deposit of up to 100,000 euros ($112,890) in any bank in a euro zone country would always get it back in case of a bank collapse.
