ECB scraps obligation on banks to report bad loans as low as 100 euros

FRANKFURT (Reuters) - The European Central Bank (ECB) is scrapping plans to force euro zone banks to report on its database any bad loan worth as little as 100 euros (76 pounds) after a backlash from lenders, it said on Friday. The new threshold will be 25,000 euros, as it is for all other types of credit. The change follows a consultation with stakeholders about the creation of the ECB's euro zone-wide credit database, Anacredit, a project begun in 2011 and with data collection due to start in September 2018, six months later than planned. (Reporting by Francesco Canepa; Editing by Louise Ireland)