CaixaBank credit risk blitz drives 22% drop in loss reserves

- By Alessandro Aimone
- @aimoneale
- 26 Jul 2019

CaixaBank eliminated soured loans and lowered the amount of cash it put aside for expected credit losses in the second quarter.

Allowances for insolvency risk – what CaixaBank calls the cash put aside each quarter from earnings to cover loan losses – were just €81 million ($90 million) for Q2, compared with €123 million the prior quarter and €109 million the year-ago quarter.

In response

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