Level 3 assets at eurozone G-Sibs swell to €82bn in 2018

IFRS 9 likely contributor to first increase in Level 3 inventories since 2014

Systemically important eurozone banks reported a 33% rise in hard-to-value assets over 2018, the first such increase in four years.

Figures from the eight lenders’ systemic risk reports show their aggregated Level 3 assets hit €82 billion ($91.9 billion) at end-December 2018, up from €62 billion the year prior.

Crédit Agricole saw the largest increase in euro terms of the eight, with Level 3 assets up €3.6 billion (74%) to €8.4 billion.

ING Bank was a close second, posting a €3.4 billion

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here