Credit model update holds down loss provisions at Deutsche
An upgrade to its expected credit loss (ECL) model allowed Deutsche Bank to liberate a net €103 million ($115 million) of provisions in Q3, helping cap its overall charge for the quarter.
Total provisions for credit losses (PCLs) taken from Q3 income were €175 million, up €14 million on Q2 and €86 million on the year-ago quarter. Without the model update, however, the charge would have been €278 million, to cover lower recoveries and increased provisions for impaired assets.
The bank said it
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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk Quantum
Regulation
Esma weighs delay to review of repo reporting rules
Expectations grow that a review of SFTR scheduled for April will be postponed due to Covid
Receive this by email