Big EU banks’ Level 3 assets up 25% in 2018
Hard-to-value assets rise €35 billion year-on-year
The 36 largest European Union banks saw complex and illiquid Level 3 assets increase to €175.2 billion ($196 billion) at end-2018 from €140.2 billion the year prior.
Of the €35 billion year-on-year rise, the 11 EU global systemically important banks (G-Sibs) accounted for 71%, and the 25 non-systemic banks 29%.
German lender Commerzbank saw the largest increase in euro terms of the sample
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