IFRS 9: peripheral EU banks hold most impaired assets

Lenders in countries racked by the eurozone crisis have the highest share of impaired and deteriorating loans and advances among European Union member states.

As of end-March, Greek banks were sitting on the most so-called stage two and three assets, as determined using International Financial Reporting Standard (IFRS 9). Stage two assets – those that have deteriorated in credit quality – made up 14.5% of their total loans; stage three assets, which are impaired, made up 43.3%. 

Cypriot banks

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